AQA A Level Business Bundled Exams Questions and Answers with Verified Solutions

AQA A-LEVEL BUSINESS QUESTIONS AND ANSWERS 100% SOLVED What are common business objectives? Profit Growth Survival Cash flow Social Ethical Objectives should be "SMART". What does this mean? They should be: Specific Measurable Agreed Realistic Time related What is a mission statement? A brief wr...

Business Studies AQA A-level (2022/2023) 100% Pass Ansoff's Matrix Shows the strategies that a firm can use to expand, according to how risky they are Assets Resources owned by a business Balance sheet A snapshot of a firm's finances at a particular time Barrier to entry An obstacle that makes ...

AQA A level Business - Unit 1 Latest Update (2022/2023) – Scored A+ Key issues with different forms of business Unlimited/ limited liability, Ordinary share capital, Market capitalisation and Dividends. Budgets Agreed ceiling on the monthly spending by any department or manger. Corporate Objecti...

AQA A level Business unit 1 already passed Business purpose profit, provide goods and services, develop an idea, provide help and support. Mission statement A declaration of a business' core purpose and focus. Objective Goals that are actionable and measurable. Profit Revenue - total costs Reve...

AQA A Level Business – Definitions 100% Correct Adverse varience When actual costs are higher than budget costs Autocratic When the manager makes all the decisions Bank overdraft The amount that can be overspent on a bank account (be overdrawn) Blake mouton grid The concern for people and produ...

AQA A level business 3.4 (2022/2023) Rated A Define Operation management: The process of organising a business's resources in order to supply consumers with goods and services e.g. of Operation manegment x2 Managing the supply chain Monitoring quality Define Operations objectives The specific goa...

3.6 AQA A Level Business Already Passed calculate labour turnover no. of employees leaving / no. of employees X100 calculate labour cost per unit labour costs/units produced calculate labour productivity output per period/number of employees employee costs as a percentage of turnover equation tot...

AQA A-Level Business Formulas 100% Correct Total Contribution Total Revenue - Total Variable Costs Contribution Per Unit Selling Price(per unit) - Variable Cost(per unit) Break Even Point Fixed Costs ∻ Contribution Per Unit Margin of Safety Actual level of Output - Breakeven level of Output Ma...

AQA A level Business Unit 6 Latest 2023 Graded A+ Hard Human Resource Management when managers treat the human resource in the same way they would treat and other resource. employee relations likely strained and staff may see the need to get trade union involved. Line Managers Staff responsible for...

AQA Business A-level – HR Questions and Answers 100% Pass What does HR Management include? Recruitment Training Managing Diversity Talent Development What does HR do? It is focused on activities related to staff What are the internal factors of HR? Overall business aims, available finance, corpo...

AQA A level business 3.1 Questions and Answers 100% Pass What are the aims of business? x5 Survival Cash flow (liqudity) profit (where the total revenue>total costs) Growth Social and ethical objectives Define what a mission statement is? A qualitative statement of an organisation's overall mis...

AQA A Level Business Unit 4 Key Terms 100% Correct Operations management the process that uses the resources of an organisation to provide the right goods or services for the customer. Operational objectives Specific, focused targets of the operations management function within an organisation. Un...

AQA A level Business 3.4 (Operations) Questions and Answers Rated A+ What is operations? The part of a business organisation that is responsible for producing goods or services in a timely, effective and profitable way. What are the values of setting operational objectives? Effectively managing ope...

AQA A level Business 3.3 Latest Update Graded A+ Marketing The process of analysing, identifying and satisfying customer needs profitably Marketing includes e.g. x3 Undertaking and analysing market research Identifying target markets Communicating successfully with customers Marketing objectives T...