Busines a level - Study guides, Revision notes & Summaries

Economies of Scale - Factors that cause costs per unit to fall as production increases Franchise - A business that sells the rights to use its name and trading methods Generic Brand - A brand that is so famous that people use its name instead of the name of the product Product Differentiation - The extent to which consumers perceive a brand to be different from others Complementary Good - Goods bought in conjunction with each other Inferior Goods - Goods for whic...

Budget - correct answer An agreed plan, establishing, in numerical and financial terms, the policy to be pursued and the anticipated outcomes of that policy SMART - correct answer How budgets must be: Specific Measurable Agreed Realistic Timed Variance Analysis - correct answer The process by which the outcomes of budgets are examined and then compared with the budgeted figures Favourable Variance - correct answer When costs are less than expected, or revenue is more than expec...

Notes on Chapter 1-54 of the Edexcel A Level Business Book, each chapter is covered and the best and most useful notes are written. These notes are specially designed in order to maximise the chances of receiving a grade A or above by including the most important information but not being too detailed nor to brief. Will save every business student a lot of time and will truly help revision.

PGM Facility Management Level 2 Test PGA Exam Guide Questions and Verified Answers The process for developing a business plan starts before you establish the goals you would like to achieve for the shops upcoming year - CORRECT ANSWER-True A well though out business plan will typically focus on achieving financial goals - CORRECT ANSWER-Fals Staff should be involved in effective business planning to create a sense of ownership - CORRECT ANSWER-True Assessing the current state of busi...

Economies of Scale - correct answer Factors that cause costs per unit to fall as production increases Franchise - correct answer A business that sells the rights to use its name and trading methods Generic Brand - correct answer A brand that is so famous that people use its name instead of the name of the product Product Differentiation - correct answer The extent to which consumers perceive a brand to be different from others Complementary Good - correct answer Goods bought in ...

Economies of Scale - Answer Factors that cause costs per unit to fall as production increases Franchise - Answer A business that sells the rights to use its name and trading methods Generic Brand - Answer A brand that is so famous that people use its name instead of the name of the product Product Differentiation - Answer The extent to which consumers perceive a brand to be different from others Complementary Good - Answer Goods bought in conjunction with each other Infe...

AQA A LEVEL BUSINESS 7132/2 PAPER 2 BUSINES 2 MARK SCHEME JUNE 2022.