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Edexcel AS/A Level Business Exam Bundle

Edexcel AS/A Level Business Exam Bundle

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Edexcel A Level Business - Theme 2.3 Questions with Complete Answers| A+

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Statement of comprehensive income (profit & loss account) - A financial document showing a company's income and expenditure over a particular time period, usually one year Revenue or turnover - The total income of a business resulting from sales of goods or services Gross profit - Th...

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Edexcel AS/A Level Business - Theme 2 Questions With Correct Answers Graded to Pass

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Capital - The money provided by the owners in a business Capital expenditure - Spending on business resources that can be used repeatedly over a period of time Internal finance - Money generated by the business or its current owners Retained profit - Profit after tax that is 'p...

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Edexcel Business Studies A level: Theme 2.4 Questions With Correct Answers Graded A+

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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 l...

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Business A Level, Edexcel, Theme 2.4.3 - 2.4.4 Questions With Correct Answers Graded to Pass

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Factors which influence Stock Levels - type of stock, demand, stockpile goods, the costs of stock holding, external factors, amount of working capital available Buffer Stocks - stocks held as a precaution to cope with unforeseen demand (just-in-case) Advantages of holding Buffer Stocks -...

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Edexcel AS/A Level Business - Theme 2.1.1 Internal Finance Questions With Correct Answers Graded to Pass

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Internal finance - Money generated by the business or its current owners Source of Internal Finance 1: Owner's Capital - • the stake the owner has in the business Provides capital for own resources and is most commonly is personal savings. ○ Some have done this to save up the finance...

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Edexcel A Level Business - Theme 2.5 Questions With Correct Answers Graded to Pass

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Appreciation of a currency - A rise in the value of a currency Base rate - The rate of interest around which a bank structures other interest rates. Boom - The peak of the economic cycle where GDP is growing at its fastest Consumer price index (CPI) - A common measure of price c...

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A LEVEL EDEXCEL BUSINESS PAPER 1 Questions with Complete Answers| A+

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mass market - a market that targets a large segment - products are standardised niche market - a market that targets a small segment - customers have specific needs that aren't catered by the mass market brand name - a name, sign, symbol or other feature that allows consumers to iden...

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A LEVEL EDEXCEL BUSINESS PAPER 1 Questions With Correct Answers Graded to Pass

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mass market - a market that targets a large segment - products are standardised niche market - a market that targets a small segment - customers have specific needs that aren't catered by the mass market brand name - a name, sign, symbol or other feature that allows consumers to iden...

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Edexcel A Level Business - Theme 2.2 Questions with Complete Solutions

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Sales forecast - Projection of future sales revenue, often based on previous sales data Consumer trends - The habits or behaviours of consumers that determine the goods and services they buy Consumer income - The amount of income remaining after taxes and expenses have been deducted f...

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Edexcel A Level Business - Theme 3.2 Questions with Complete Solutions Rated to Pass

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Economies of scale - The reductions in average costs enjoyed by a business as output increases Diseconomies of scale - Rising average costs as a business expands beyond its minimum efficient scale. Overtrading - occurs when a business attempts to expand too quickly without the suffici...

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Edexcel A Level Business - 2.4.1: Production, productivity, and efficiency Questions with Answers

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Batch production - where you complete one operation at a time on all units before moving to the next Capital intensive - Production methods that use machinery more relative to labour Capital productivity - The amount of output each unit of capital (one machine) produces Cell produc...

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Edexcel A Level Business - Theme 2.1 Questions with Complete Solutions| Rated A+

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Internal finance - Money generated by the business or its current owners External finance - Money raised from sources outside the business Owner's Capital - The money provided by the owners in a business Sale of assets - when a business sells off its unwanted or unused assets t...

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Edexcel A Level Business - Theme 4.1 – Globalisation Questions with Correct Solutions, Rated A+

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Economic growth - An increase in a country's productive capacity Emerging economies - The economies of developing countries where there is rapid growth, but also significant risk Human Development Index (HDI) - A collection of statistics that are combined into an index, ranking count...

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Edexcel A Level Business - Theme 1.3 Questions with Complete Solutions Rated A+

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Marketing - A management process involved in identifying, anticipating and satisfying consumer requirements profitably Marketing mix - This is more commonly referred to as the '4 P's'. These are four elements of a business' marketing that are designed to meet the needs of the customers....

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Edexcel A Level Business: Paper 3 (Advanced Information) A+

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price elasticity of demand - a measure of the sensitivity of demand to changes in price Competitive Pricing - When the product is priced in line with or just below competitors' prices to try to capture more of the market. Cost Plus Pricing - adding a percentage (the mark-up) to the c...

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Edexcel AS/A Level Business - Theme 3 Questions with Complete Solutions Rated A+

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Corporate objectives - The objectives of a medium to large-sized business as a whole Departmental and functional objectives - The objectives of a department within a business Mission statement - A brief statement, written by the business, describing its purpose and objectives, designe...

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Edexcel A level business theme 4 Questions with Complete Solutions Rated A+

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BRICS - Brazil, Russia, India, China & South Africa Indicators of growth - Statistics that show the extent to which a country is increasing in size Equation of GDP - National income/population Business specialisation - When businesses concentrate on producing specific goods F...

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EDEXCEL A-Level Business - Theme 1 Test Questions with Complete Solutions

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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 t...

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Edexcel AS/A Level Business - Theme 1 Exam Rated A+

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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 good...

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Pearson Edexcel International GCSE (9-1) Business - 1 - Business activity and influences on business Exam With Answers

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Financial aims and objectives Are linked to money. Their goal is to either make sure the business can afford to keep running or help it to make a profit. Survival Is a very common objective for a small business. Business survival refers to keeping the business operating for a certain amount o...

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