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AQA A-LEVEL BUSINESS PAPER 1 REVISION GUIDES.
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AQA A-LEVEL BUSINESS PAPER 1 REVISION GUIDES.
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AQA A-LEVEL BUSINESS PAPER 1REVISION GUIDES
Why Vbusinesses Vexist V- V Vcorrect Vanswer-Can Vmake Vyou Vmoney Vand Vyou Vcan Vbe
Vyour Vown Vboss
Mission V- V Vcorrect Vanswer-a Vbusiness Vaim Vexpressed Vto Vmake Vit Vseem Vespecially
Vpurposeful Vand Vmotivating
Objectives V- V Vcorrect Vanswer-SMART VSpecific, VMeasurable, VAchievable, VRealistic,
VTime-bound
Why Vbusinesses Vset Vobjectives V- V Vcorrect Vanswer-- Vit Vis Vmotivating Vto Vhave Va Vgoal
Vto Vaim Vtoward
- Vas Va Vboss Vyou Vcan Vnot Vmake Vevery Vdecision
Profit V- V Vcorrect Vanswer-Revenue V- Vtotal Vcosts
What Vare Vthe V5 Vtypes Vof Vbusiness V- V Vcorrect Vanswer--sole Vtraders
-private Vlimited Vcompanies V(LTD)
-Public Vlimited Vcompanies V(PLC)
-Private Vand Vpublic Vsector Vorganisations V
- Vnon-profit Vorganisations V(charities)
Sole Vtraders V- V Vcorrect Vanswer-a Vbusiness Vthat Vis Vowned Vand Voperated Vby Vone
Vperson
Private VLimited VCompany V(Ltd) V- V Vcorrect Vanswer-A Vsmall Vto Vmedium Vsized
Vcompany, Vowned Vby Vshareholders Vwho Vhave Vlimited Vliability. VThe Vcompany Vcannot
Vsell Vits Vshares Vto Vthe Vgeneral Vpublic.
Private VLimited VCompany VAdvantages V- V Vcorrect Vanswer--Limited Vliability V
-Additional Vcapital Vcan Vbe Vraised Vby Vselling Vshares V(not Vto Vthe Vgeneral Vpublic)
,-Separate Vlegal Vexistence Vto Vthe Vowner V
-Higher Vbusiness Vstatus Vto Vsole Vtrader
Private Vlimited Vcompany VDisadvantages V- V Vcorrect Vanswer--You Vhave Vto Vpublish
Vthe Vaccount Vinformation
-You Vneed Vtwo Vshare Vof V£1 Veach
Public Vlimited Vcompany V(plc) V- V Vcorrect Vanswer-A Vlimited Vcompany Vwith Vmore Vthat
V£50,000 Vof Vshare Vcapital. VAny Vmember Vof Vthe Vpublic Vcan Vbuy Vshares. VPublic
Vcompanies Vmust Vpublish Vmore Vdetailed Vaccounts
Public Vlimited Vcompany VAdvantages V- V Vcorrect Vanswer--Raising Vcapital Vthrough
Vpublic Vissue Vof Vshares
-Offering Vshares Vto Vthe Vpublic Vspreads Vrisk V
-Banks Vare Vmore Vlikely Vto Vlend Vmoney Vto VPLC's
-More Vgrowth Vand Vexpansion Vopportunities V
-Having VPLC Vat Vthe Vend Vof Vyour Vbusiness Vname Vgives Va Vbetter Vimage
-Shares Vare Vmore Veasily Vtransferred Vso Vshareholders Vare Vhappier V
-Separate Vlegal Ventity Vto Vthe Vowner
public Vlimited Vcompany VDisadvantages V- V Vcorrect Vanswer--More Vregulations Vthat
Vcould Vincrease Vcosts
-Higher Vlevel Vof Vtransparency Vneeded V
-Must Vstart Vwith V£50,000 Vshare Vcapital
Private Vsector Vorganisations V- V Vcorrect Vanswer-Organisations Vowned Vby Vindividuals
Vor Vcompanies
Public Vsector Vorganisations V- V Vcorrect Vanswer-Businesses Vowned Vby Vthe
Vgovernment.
Non-profit Vorganisations V- V Vcorrect Vanswer-Businesses Vwith Va Vmotive Vother Vthan
Vprofit, Vmay Vbe Vto Vprovide Va Vsocial Vbenefit Vor Vservice Vto Vsociety Vor Vto Vsupport Va
Vcause.
Share Vcapital V- V Vcorrect Vanswer-The Vtotal Vvalue Vof Vcapital Vraised Vfrom Vshareholders
Vby Vthe Vissue Vof Vshares
Role Vof VShareholders V- V Vcorrect Vanswer-to Vraise Vimportant Vissues Vwith Vthe Vboard
Vdirectors Vand Vraise Vfunds
Why Vshareholders Vinvest V- V Vcorrect Vanswer--Annual Vdividend Vpayments V
-A Vrise Vin Vthe Vvalue Vof Vshares
Market Vcapitalisation V- V Vcorrect Vanswer-Number Vof Vissued Vshares Vx Vcurrent Vshare
Vprice
Influences Von Vthe Vprice Vof Vshares V- V Vcorrect Vanswer--The Vprofit Vafter Vtax Vof Vthe
Vcompany Vx Vthe Vvalue Vinvestors Vplace Von Von Vthose Vearnings
, Significance Vof Vshare Vprice Vchanges V- V Vcorrect Vanswer-High V= Vcheap Vand Veasy Vto
Vobtain Vmore Vshare Vcapital
Low V= Vunlikely Vto Vraise Vany Vextra Vshare Vcapital
What Vare Vthe V6 Vexternal Vfactors Vaffecting Vbusinesses V- V Vcorrect Vanswer--Market
Vconditions V
-Competition V
-Changes Vin Vhousehold Vincomes V
-Changes Vin Vinterest Vrates
-Demographic Vfactors
-Environmental Vissues
Market VConditions V- V Vcorrect Vanswer--The Vnumber Vof Vcompetitors Vin Va Vparticular
Vmarket V
-The Vintensity Vof Vcompetitiveness V
-Total Vmarket Vavailable V
-The Vrate Vat Vwhich Vthe Vmarket Vis Vgrowing
Competition V- V Vcorrect Vanswer-The Vtighter Vthe Veconomic Vand Vmarket Vconditions,
Vthe Vgreater Vthe Vcompetitive Vpressures Vtend Vto Vbe
Factors Vthat Veffect Vhousehold Vincomes V- V Vcorrect Vanswer--Changes Vin Vthe Vreal
Vincome Vof Vthe Vmain Vincome Vearner V
-The Vnumber Vof Vpeople Vin Vthe Vhousehold Vthat Vwork
-The Vimpact Vof Vgovernment Vdecisions Von Vtaxation Vand Vbenefits
Changes Vin Vinterest Vrates V- V Vcorrect Vanswer-If Vinterest Vrates Vgo Vup, Vbusinesses
Vand Vindividuals Vspend Vless. VIf Vinterest Vrates Vgo Vdown, Vbusinesses Vand Vindividuals
Vspend Vmore.
Demographic Vfactors V- V Vcorrect Vanswer--Population Vsize V
-Age V
-Gender
-Ethnicity
Environmental Vissues Vand Vfair-trade V- V Vcorrect Vanswer-Concern Vfor Vgreen Vissues
Vand Vethical Vissues Vinvolved Vwith Vbusiness.
What Vdo Vmanagers Vdo V- V Vcorrect Vanswer-Set Vobjectives, Vorganize, Vmotivate Vand
Vcommunicate, Vmeasure, Vdevelop Vpeople
What Vare Vthe Vleadership Vstyles V- V Vcorrect Vanswer--Autocratic Vmanagers V
-Democratic Vmanagers V(laissez-faire)
-Paternalistic
Autocratic Vmanagers V- V Vcorrect Vanswer-Managers Vwho Vcentralise Vpower Vand Vtell
Vemployees Vwhat Vto Vdo. VThey Vtend Vto Vuse Vone-way, Vtop-down Vcommunication.
Democratic Vmanagers V(laissez-faire) V- V Vcorrect Vanswer-Managers Vthat Vtake Vthe
Vview Vof Vtheir Vsubordinates Vinto Vaccount Vwhen Vmaking Vdecisions Vas Vwell Vas
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