Theme 1 business edexcel Study guides, Revision notes & Summaries

Summarised, condensed, easy to understand revision notes containing only the REDUCED CONTENT for the 2022 summer paper 1 exam Theme 1 Marketing and people 1.1. Meeting customer needs: 1.1.1 The market, 1.1.2 Market research 1.2 The market: 1.2.2 Supply, 1.2.3 Markets 1.3 Marketing mix and strategy: 1.3.4 Distribution 1.5 Entrepreneurs and leaders: 1.5.2. Entrepreneurial motives and characteristics, 1.5.4 Forms of business Theme 4 4.1 Globalisation: 4.1.2 International trade and bus...

Edexcel A Level Business Formulas - Theme 1 Latest Questions and Answers 2024(Verified by Expert)

Pearson Edexcel GCSE Business (Theme 1) Question with complete solution 2023Unlimited liability The owner is responsible for the businesses debts 3 disadvantages of a partnership 1. unlimited liability 2. profits are shared 3. there may be disagreements 4. 20 people max. 5. partnership ends when one partner leaves 6. decisions made by one partner can affect all partners 3 disadvantages of a franchise 1. unlimited liability 2. franchisees need to pay an initial fee as well ...

Pearson Edexcel A-level Economics A Theme 3 Business behaviour and the labour market This Answers document provides suggestions for some of the possible answers that might be given for the questions asked in the workbook. They are not exhaustive and other answers may be acceptable, but they are intended as a guide to give teachers and students feedback. The student responses (green text) for the longer essay-style questions are intended to give some idea about how the exam questions might...

Added Value Added value is the value of the finished output over and above the cost of achieving it i.e. the cost of inputs and transformations. Value can be added by manufacturing, branding, technology and a unique selling point. Calculated as: Selling price - cost of inputs - cost of transformation Advertising A promotional method that involves the use of media to communicate with existing and potential consumers. Media used may be wide ranging from magazines and television to billboa...

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 identifying, anticipating and ...

Pearson Edexcel A-level Economics A Theme 3 Business behaviour and the labour market This Answers document provides suggestions for some of the possible answers that might be given for the questions asked in the workbook. They are not exhaustive and other answers may be acceptable, but they are intended as a guide to give teachers and students feedback. The student responses (green text) for the longer essay-style questions are intended to give some idea about how the exam questions might...