Exam (elaborations)
AQA A LEVEL BUSINESS 3.7 TEST WITH ALL ANSWERS RATED A+.
- Course
- Institution
AQA A LEVEL BUSINESS 3.7 TEST WITH ALL ANSWERS RATED A+.
[Show more]
Content preview
AQA A LEVEL BUSINESS 3.7 TESTWITH ALL ANSWERS RATED A+
What Vare Vmission Vstatements Vand Vwhat Vare Vthe Vinfluences Von Vmissions? V- V Vcorrect
Vanswer-A Vmission Vstatement Vsets Vout Vthe Vpurpose Vof Va Vbusiness Vexisting. VThe
Vmission Vstatement Vrelates Vto Vall Vstakeholders Vand Vtypically Vfocuses Von Vthe
Vfollowing. V
Influences:
-Value Vof Vthe Vfounders V
-Industry Vthe Vbusiness Vis Vin V
-Views Vof Vsociety V
-Size Vof Vbusiness Vand Vownerships V
-Culture Vof Vbusiness
What Vare Vcorporate Vobjectives Vand Vwhat Vare Vthe Vinternal Vand Vexternal Vinfluences
Vaffecting Vcorporate Vobjectives? V- V Vcorrect Vanswer-The Vcorporate Vobjectives Vof Va
Vbusiness Vquantify Vthe Vmission Vof Va Vbusiness Vand Vset Vspecific Vand Vmeasurable
Vtargets Vfor Vthe Vwhole Vpopulation Veg Vinnovation, Vsustainability, Vgrowth, Vshareholder
Vvalue, Vsocial Vresponsibility, Vprofitability, Vmarket Vstanding V
External Vinfluences:
-Economic Vconditions V
-Social Vchanges V
-Tech Vchanges V
Global Vprices
, -Competitors V
Internal Vinfluences:
-Poor Vperformance V
-New Vleadership V
-Business Vownership, Vculture Vand Vgrowth.
What Vis Va Vstrategy Vand Vtactics? V- V Vcorrect Vanswer-Strategy Vis Va Vlong Vterm Vplan Vor
Vapproach Vthat Va Vbusiness Vwill Vtake Vto Vachieve Vits Vobjectives. VStrategies Voften
Vinvolve Va Vmajor Vcommitment Vto Vresources. VClear Vstrategies Vguide Vtactical
Vdecisions. VTactics Vare Vthe Vday Vto Vday Vdecisions Vtake Vby Vmiddle Vmanagers, Vthey
Vare Vfrequent Vand Vinvolve Vfewer Vresources. VAn Vexample Vis Vif Va Vbusiness Vhas Va
Vstrategy Vto Vbe Va Vmarket Vleader Vby Vhaving Vthe Vwidest Vrange Vof Vinnovative Vproducts
Von Vthe Vmarket. VHowever, Va Vtactical Vdecisions Vto Vsupport Vthis Vstrategy Vmight Vbe Vto
Vdivert Van Vextra V£5 Vmillion Vinto Vresearch Vand Vdevelopment.
What Vis Vthe Vobjectives Vhierarchy? V- V Vcorrect Vanswer-
What Vis Va VSWOT Vanalysis Vand Vwhat Vare Vthe Vbenefits Vand Vlimitations? V- V Vcorrect
Vanswer-A Vstrategic Vtool Vthat Va Vbusiness Vcan Vuse Vto Vanalyse Vits Vcurrent Vposition
Vand Vexternal Vfactors Vthat Vmight Vaffect Vit. V
Benefits- Vassists Vstrategic Vthinking Vin Va Vstructural Vway, Vlow Vcost V(simple Vapproach)
Vand Vcan Vbe Vcombined Vwith Vtheir Vdecision-making Vmodels. V
Limitations- Vsubjective V(depends Von Vmanagers Vopinions), Vdoesn't Voffer Vclear
Vsolutions Vand Vclassification Vmay Vdepend Von Vperspective.
Whats Van Vincome Vstatement? V- V Vcorrect Vanswer-An Vincome Vstatement
Vcommunicates Vthe Vrevenue Vgenerated Vby Va Vbusiness Vand Vthen Vits Vprofits Vat
Vvarious Vlevels Vfollowing Vexpenses Vand Vincomes.
Whats Vthe Vbalance Vsheet? V- V Vcorrect Vanswer-A Vfinancial Vdocument Vthat Vrecords Vthe
Vassets Vand Vliabilities Vof Va Vbusiness. VA Vbalance Vsheet Vgives Va Vsnap Vshot Vof Vthe
Vvalue Vand Vfinancial Vstrength Vof Va Vbusiness.
What Vare Vnon Vcurrent Vassets V(fixed Vassets)? V- V Vcorrect Vanswer-Used Vto Voperate
Vbusiness. VTangible Vnon Vcurrent Vassets Vare Vland Vand Vmachinery. VIntangible Vnon
Vcurrent Vassets Vare Vthe Vbrands Vand Vpatents.
What Vare Vcurrent Vassets? V- V Vcorrect Vanswer-Assets Vthat Vthe Vbusiness Vexpects Vto
Vuse Vor Vsell Vwithin Vthe Vyear, Vcan Vbe Vconverted Vinto Vcash Vto Vpay Voff Vliabilities.
What Vare Vcurrent Vliabilities? V- V Vcorrect Vanswer-Payments Vthat Vare Vdue Vwithin V1
Vyear
What Vare Vnon-current Vliabilities? V- V Vcorrect Vanswer-Debts Vthat Va Vbusiness Vdoesn't
Vexpect Vto Vpay Vwithin Va Vyear
What Vare Vnet Vcurrent Vassets? V- V Vcorrect Vanswer-the Vworking Vcapital Va Vbusiness
Vhas
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 HIGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now