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A Level Business Studies Q&A Mastery Package

Uncover the intricacies of business concepts, strategic management, and economic principles through a comprehensive collection of expertly crafted questions and detailed answers. Enhance your understanding, sharpen your analytical skills and navigate the diverse landscape of business with confidenc...

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AQA A Level Business Studies - BUSS2 Practice Questions and Answers

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Budget An agreed plan, establishing, in numerical and financial terms, the policy to be pursued and the anticipated outcomes of that policy SMART How budgets must be: Specific Measurable Agreed Realistic Timed Variance Analysis The process by which the outcomes of budgets are examined and ...

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Edexcel AS/A Level Business - Theme 1 Revision Questions and Answers

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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 goods online Marke...

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Edexcel AS/A Level Business - Theme 3 Revision Questions and Answers

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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, designed to encapsulat...

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A LEVEL EDEXCEL BUSINESS PAPER 1 REVISION QUESTIONS AND ANSWERS

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Mass marketa market that targets a large segment - products are standardised Niche marketa market that targets a small segment - customers have specific needs that aren't catered by the mass market Brand namea name, sign, symbol or other feature that allows consumers to identify the goods of ...

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Edexcel AS/A Level Business - Theme 2 Exam Questions and Answers

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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 'ploughed back' into the ...

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EDUQAS Business A Level Review Questions and Answers

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Fixed costs ÷ contribution Break even (Opening stock + purchases) - closing stock Cost of sales Total revenue - cost of sales Gross profit Gross profit - expenses Net profit Gross profit ÷ sales revenue x100 Gross profit margin Net profit ÷ sales revenue x100 Net profit margin

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EDEXCEL Business A Level Paper 2 (Theme 2 & 3) Study Questions and Answers

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Retained profits profits that the owners have reinvested into the business after paying costs and taxes Owners' funds money put in by the owners themselves Sale of assets a one-off way to raise money, generally used during financial struggles Benefits of owners funds Avoids interest on loans...

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EDEXCEL A-Level Business - Theme 1 Revision Questions and Answers

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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 transfor...

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A Level EDEXCEL Business Studies Review Questions and Answers

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What are niche markets? Where a business targets a smaller segment of a larger market, where customers have specific needs and wants What are mass markets? Where a business sells into the largest part of the market, where there are many similar products offered by competitors State the feature...

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A Level Business Equations Exam Prep Questions and Answers

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Total Costs Fixed Costs + Variable Costs Total Revenue Price x Quantity Sold Margin of Safety Expected Output - Breakeven Output Breakeven Output Fixed Costs/Contribution Per Unit Contribution Per Unit Selling Price - Variable Costs Total Profit Output Fixed Costs + Target Profit/Contribution p...

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Edexcel A Level Business Studies - Theme 2 Revision Questions and Answers

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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 to raise funds Retained ...

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