Business specialisation - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Business specialisation? On this page you'll find 81 study documents about Business specialisation.
Page 4 out of 81 results
Sort by
-
Microeconomics QUESTION AND CORRECT ANSWER 100 % SCORE
- Exam (elaborations) • 22 pages • 2023
-
- $11.99
- + learn more
Microeconomics 
QUESTION AND 
CORRECT ANSWER 100 
% SCORE 
Free goods - ANSWER Goods that are not scarce and therefore available without limits. 
Zero opportunity cost e.g. Air 
Economic goods - ANSWER A consumable item that is useful to people but scarce in 
relation to its demand 
Opportunity cost - ANSWER The value of the next best alternative foregone 
Positive statement - ANSWER An objective statement that can be tested, amended or 
rejected by referring to available evidence 
Normativ...
-
Microeconomics AS WJEC questions and answers with complete top solutions
- Exam (elaborations) • 29 pages • 2023
-
Available in package deal
-
- $18.99
- + learn more
Microeconomics AS WJEC questions and answers with complete top solutions 
What are the four factors of production? 
- Land 
- Labour 
- Capital 
- Entrepreneurship 
 
 
 
What is the 'basic economic problem'? 
- Finite resources, infinite wants 
 
 
 
 
 
 
00:37 
 
01:40 
What is an opportunity cost? 
- The benefit forgone of the next best alternative 
 
 
 
What is meant by free goods and economic goods? 
- Free goods are those of infinite supply (no opportunity cost) 
- Economic goods are t...
-
Microeconomics AS WJEC questions and answers with complete top solutions
- Exam (elaborations) • 29 pages • 2023
-
Available in package deal
-
- $19.49
- + learn more
Microeconomics AS WJEC questions and answers with complete top solutions 
What are the four factors of production? 
- Land 
- Labour 
- Capital 
- Entrepreneurship 
 
 
 
What is the 'basic economic problem'? 
- Finite resources, infinite wants 
 
 
 
What is an opportunity cost? 
- The benefit forgone of the next best alternative 
 
 
 
What is meant by free goods and economic goods? 
- Free goods are those of infinite supply (no opportunity cost) 
- Economic goods are those in finite supply ...
-
MNG2601 Assignment 3 Semester 2 2023
- Exam (elaborations) • 6 pages • 2023
-
- $2.67
- + learn more
MNG2601 Assignment 3 Semester 2 2023 . 100% CORRECT questions, answers, workings and explanations.Question 1 Answer saved Marked out of 1.00 Flag question Question text According to John Kotter, activities of managers include _____. a. dealing with uncertainties, controlling and problem-solving b. staffing and aligning and motivating people c. coping with complexity and setting directives d. coping with change, planning and budgeting Clear my choice Question 2 Answer saved Marked out of 1.00 Fla...
-
iGCSE Business Studies Exam Study Guide with Complete Solutions
- Exam (elaborations) • 17 pages • 2024
-
- $9.99
- + learn more
iGCSE Business Studies Exam Study 
Guide with Complete Solutions 
Needs - Correct Answer️️ -We cannot live without these. 
Wants - Correct Answer️️ -They benefit us but are not necessary to live. 
Scarcity - Correct Answer️️ -Lack of sufficient resources. 
Needs (example) - Correct Answer️️ -Water, food, housing. 
Wants (example) - Correct Answer️️ -Soft drinks, chocolate, furniture. 
Opportunity Cost - Correct Answer️️ -The next best alternative. 
Factors of Production -...
Too much month left at the end of the money?
-
MNG2601 Assignment 3 Semester 2 2023.
- Exam (elaborations) • 6 pages • 2023
-
- $2.67
- + learn more
MNG2601 Assignment 3 Semester 2 2023.100% CORRECT questions, answers, workings and explanations. Question 1 Answer saved Marked out of 1.00 Flag question Question text According to John Kotter, activities of managers include _____. a. dealing with uncertainties, controlling and problem-solving b. staffing and aligning and motivating people c. coping with complexity and setting directives d. coping with change, planning and budgeting Clear my choice Question 2 Answer saved Marked out of 1.00 Flag...
-
AQA GCSE ECONOMICS 8136/1 Paper 1 How Markets Work Version: 1.0 Final *JUN238136101* IB/H/Jun23/E7 8136/1 QUESTION PAPER & MARKING SCHEME/ [MERGED] Marl( scheme June 2023
- Exam (elaborations) • 47 pages • 2024
-
- $8.99
- + learn more
GCSE 
ECONOMICS 
8136/1 
Paper 1 How Markets Work 
Version: 1.0 Final 
*JUN* 
IB/H/Jun23/E7 8136/1 
For Examiner’s Use 
Section Mark 
A 
B 
TOTAL 
Wednesday 17 May 2023 Afternoon Time allowed: 1 hour 45 minutes 
Materials 
You will need no other materials. 
You may use a calculator. 
Instructions 
• Use black ink or black ball-point pen. 
• Fill in the boxes at the top of this page. 
• Answer all questions. 
• You must answer the questions in the spaces provided. Do not write on 
blank...
-
Edexcel A-level Economics Theme 1-4 Exam 2024 Questions & Answers (graded A)
- Exam (elaborations) • 37 pages • 2024
-
- $12.99
- + learn more
Edexcel A-level Economics Theme 1-4 Exam 2024 Questions & Answers (graded A) 
Economics - ANSWERSThe study of the allocation of scarce resources. 
 
Economic Goods - ANSWERSResources that are scarce. 
 
Short Run - ANSWERSA time period where at least one factor of production is fixed. 
 
Long Run - ANSWERSA time period where all factors of production are variable. 
 
Productivity - ANSWERSThe output per unit of input. 
 
The Economic Problem - ANSWERSResources are scarce but wants are infinite. ...
-
Business study 2024 final exam Question with complete Answers
- Exam (elaborations) • 15 pages • 2024
-
- $12.99
- + learn more
Business study 2024 final exam Question with 
complete Answers 
Needs 
We cannot live without these. 
Wants 
They benefit us but are not necessary to live. 
Scarcity 
Lack of sufficient resources. 
Needs (example) 
Water, food, housing. 
Wants (example) 
Soft drinks, chocolate, furniture. 
Opportunity Cost 
The next best alternative. 
Factors of Production 
Resources needed to produce goods and services. 
Factors of Production (List) 
Land. 
Labour. 
Capital. 
Enterprise. 
Land 
All natural res...
-
EDEXCEL IGCSE Business Studies, latest updated
- Exam (elaborations) • 15 pages • 2023
-
Available in package deal
-
- $15.99
- + learn more
EDEXCEL IGCSE Business Studies, latest updated 
Above-the-line promotion 
Placing adverts using the media. 
 
 
 
Acid test ratio 
Similar to the current ratio but excludes stocks from current assets. Sometimes called the quick ratio. 
 
 
 
Advertising 
Communication between a business and its customers whereby messages are placed in the media to encourage the purchase of products. 
 
 
 
Agent or broker 
An intermediary that brings together buyers and sellers. 
 
 
 
Anti-competitive practices...
$6.50 for your textbook summary multiplied by 100 fellow students... Do the math: that's a lot of money! Don't be a thief of your own wallet and start uploading yours now. Discover all about earning on Stuvia