Exam (elaborations)
BTEC Business Level 2 Exam Questions & Answers 2024/2025
- Course
- Institution
BTEC Business Level 2 Exam Questions & Answers 2024/2025
[Show more]
Content preview
BTEC Business Level 2 Exam Questions& Answers 2024/2025
Revenue/ sales - ANSWERSThe amount a company earns from selling its products.
Variable costs - ANSWERSCosts that can go up or down
Fixed cost - ANSWERSCosts that do not vary with the quantity of output produced
Start up cost - ANSWERSA cost that has to be paid before the business can start trading
Budgeting - ANSWERSFinancial forward planning making sure the business has enough money to spend
on bills or new stock
Trading Profit and Loss account - ANSWERSA statement showing if the business has made or lost money
Break even - ANSWERSThe point at which total revenue and total cost are equal. They business does not
make a profit or a loss
Inflow/ sales - ANSWERSThe money coming into a business from sales
Outflow/ exspenses - ANSWERSThe money that leaves the business, such as paying bills
Gross profit - ANSWERSIs the first type of profit made. The business does not keep this
Net profit - ANSWERSThe last type of profit made. This business keeps this.
Gross profit calculation - ANSWERSSales - cost of sales= ________ profit
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now