Theme 1 business edexcel Study guides, Revision notes & Summaries

Edexcel Business Studies AS Level - Theme 1 Key Words VERIFIED QUESTIONS AND ANSWERS 2023/2024

Brand Name - A name, term, sign, symbol, design or any other feature that allows consumers to identify the goods and services of a business and to differentiate them from those of competitors E-commerce - Conducting business transactions online Online retailing - The retailing of goods online Market - A set of arrangements that allows buyers and sellers to communicate and trade in a particular range of goods and services Marketing - A management process involved in ide...

2024 Edexcel AS Business Formulas, Theme 1 & Theme 2 Latest Questions and Answers (Verified by Expert)

Edexcel A Level Business Formulas - Theme 1 Exam QUESTIONS & ANSWERS 2024 ( A+ GRADED 100% VERIFIED)

Business Theme 1 A Level Edexcel Mark up The percentage added to unit cost that makes a profit for a business when setting the price Penetration pricing Setting a low price when launching a new product in order to get established in the market Predatory pricing Setting a low price forcing rivals out of business Pricing strategy The pricing policies or methods used by a business when deciding what to charge for its products Product life cycle Shows the different stages in the life of a product a...

Summarised, condensed, easy to understand revision notes containing only the REDUCED CONTENT for the 2022 summer paper 3 exam Also selling notes in the same style for paper 1 and 2 Theme 1 Marketing and people 1.3 Marketing mix and strategy 1.4 Managing people Theme 2 Managing business activities 2.4 Resource management 2.5 External influences Theme 3 Business decisions and strategy 3.3 Decision-making techniques 3.4 Influences on business decisions Theme 4 Global business ...

Edexcel GCSE Business Theme 1 1.1.1 Enterprise a business or company, can also mean entrepreneurial activity 1.1.1 Entrepreneur someone who creates a business, taking on financial risks with the aim of making a profit 1.1.1 Consumer someone who buys and uses goods and services 1.1.1 Customer someone who buys goods and services 1.1.1 Obsolete out of date and not used anymore 1.1.1 E-commerce using the internet to carry out business transactions 1.1.1 M-commerce using a mobile device to carry out...

Edexcel Business A Level Paper 2 (Theme 2 & 3) Retained profits - ANS profits that the owners have reinvested into the business after paying costs and taxes Owners' funds - ANS money put in by the owners themselves Sale of assets - ANS a one-off way to raise money, generally used during financial struggles Benefits of owners funds - ANS Avoids interest on loans Owners keep complete control Disadvantages of owners funds - ANS If it fails after remortgaging, they could lose their house Limit to ...

Edexcel A Level Business – Marketing and People Theme 1 Pricing strategy - price skimming A strategy where a business charges a premium price when the product is first launched to maximize revenue per unit Pricing strategy - penetration pricing A strategy where a business offers a significantly lower price than normal to maximize volume sold and build a loyal consumer base Pricing strategy - dynamic pricing A strategy where a business sets flexible prices for products based on current market ...

Edexcel Business A Level Paper 2 (Theme 2 & 3) Retained profits - ANS profits that the owners have reinvested into the business after paying costs and taxes Owners' funds - ANS money put in by the owners themselves Sale of assets - ANS a one-off way to raise money, generally used during financial struggles Benefits of owners funds - ANS Avoids interest on loans Owners keep complete control Disadvantages of owners funds - ANS If it fails after remortgaging, they could lose their house Limit t...