AQA GCSE Business Question and answers correctly solved 2024
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Course
AQA GCSE
Institution
AQA GCSE
AQA GCSE Business Question and answers correctly solved 2024 Aim - correct answer The intention to reach a goal.
Business plan - correct answer A detailed statement of how the business intends to operate, either at start-up or during a given period of time.
Competition - correct answer ...
AQA GCSE Business - Business In The
Real World
Aim - correct answer ✔The intention to reach a goal.
Business plan - correct answer ✔A detailed statement of how the business
intends to operate, either at start-up or during a given period of time.
Competition - correct answer ✔The rivalry between businesses looking to
sell their goods/services in the same market.
Cost - correct answer ✔The money spent by a business on goods and
services.
Customer - correct answer ✔Individuals, businesses or organisations that
purchase goods/services and make decisions about which supplier to choose.
Customer satisfaction - correct answer ✔Whether customers are pleased
with the goods/services they receive; whether they would purchase again.
Demand - correct answer ✔The quantity of a particular product that will be
bought at particular price over a specific time.
Directors - correct answer ✔The people who are elected by the shareholders
to run the business on their behalf.
Diseconomies of scale - correct answer ✔When a business grows too large,
leading to a possible increase in unit cost.
, Dividend - correct answer ✔A portion of the after-tax profit that is paid to
shareholders according to the number of shares they own.
E-commerce - correct answer ✔Business transactions carried out
electronically on the internet.
Economies of scale - correct answer ✔The cost advantage of producing on a
large scale. As output increases the unit cost decreases.
Employees - correct answer ✔Individuals who work full time or part time for
the business; they have a contract of employment detailing their duties and
rights.
Enterprise - correct answer ✔The ability to identify business ideas and
opportunities to bring them to fruition and to take risks where appropriate.
Entrepreneur - correct answer ✔A person who has the vision to use initiative
to make business ideas happen, managing the resources and risks.
Ethical objectives - correct answer ✔A business' goals that relate to fair
business practice or moral guidelines and make a positive contribution to the
business' reputation.
Ethics - correct answer ✔The moral principles that guide how a business
operates.
Expansion - correct answer ✔The process of increasing a business' size.
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