Busines a level - Study guides, Revision notes & Summaries

Business Studies A level AQA Test 1 Questions And Answers

GDP is - value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - exports minus imports CPI is used to - monitor changes in the cost of living over time Inflation rate - percentage change in the price level from the previous period Indexation refers to - using a law or contract to automatica...

AQA A level Business Studies - 2024 Exam Questions and Answers

2.4.3 - 2.4.3 Stock control - The control of the flow of stock in a business, it concerns the ordering and management of: Raw materials/components Work-in-progress Finished goods JIT - system of delivering parts to the assembly line in a continuous flow, rather than stockpiling large volumes at the plant JIT requirements - 1. We need a minimum amount of stock so that we have enough ready if needed. (Buffer Stock) 2. We must never run out of stock. (Minimum stock) ...

Stakeholder - correct answer Anyone with an interest in the success of the business. can b internal e.g. employees or external e.g. customers. Accountability - correct answer the obligation of an individual or organisation to account for their activities and accept responsibility for them. SMART targets - correct answer Specific, Measurable, Achievable, Reasonable and Timed targets. The 4 Objectives (sequence of objectives) - correct answer All businesses have 4 key objectives which are...

Edexcel Business Studies A Level Exam Questions and Answers

Business Studies A level AQA Test 1 questions and answers A+ score assured 2024/2025

Business Studies A level AQA Exam Questions and Answers