Business unit 4 wjec - Study guides, Class notes & Summaries
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Business, Unit 4, WJEC Comprehensive Test Prep Actual Questions And Correct Detailed Answers.
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Internal causes of change - correct answer Changes in management style, changes In business size, new technology 
 
External causes of change - correct answer New technology, labour market e.g. minimum wage, competition consumer taste, new legislation 
 
Effects of unplanned change - correct answer Shorter product life-cycle, dismissed brand loyalty, retrainin...
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Business Unit 1 WJEC AS level Questions with Accurate Answers 2023
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Business Unit 1 WJEC AS level Questions with Accurate Answers 2023 
fixed costs 
Costs that do not vary with the quantity of output produced 
 
 
 
Semi-variable costs 
Costs that vary somewhat based on the number of units you sell. 
 
 
 
Qualities of an entrepreneur 
-Hard working- Have to work long hours and have few vacation days 
-Risk taker- Making decisions to produce goods or services that people might buy is potentially risky 
-Creative- A new business needs new ideas about products , s...
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WJEC AS Business Studies Unit 1 Questions and Answers Rated A+ 2023
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WJEC AS Business Studies Unit 1 Questions and Answers Rated A+ 2023 
Why do people start their own businesses? 
- To make a profit 
- To provide a good or service 
- To fill gap in the market 
- To turn a hobby into a career or business 
- To be independent/their own boss 
 
 
 
What is an entrepreneur? 
An entrepreneur is somebody who starts and runs a business. Perhaps they make a product or provide a service, the quite possibly may employ somebody to make a profit. Many Entrepreneurs are inno...
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Bundle of WJE exam 100% accurate answers 2023
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WJEC GCSE ICT Unit 3 questions and answers with verified content


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WJEC Criminology Unit 4 AC1.3 questions and answers


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theories of crime (wjec level 3 criminology) 100% accurate answers


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WJEC AS Business Studies Unit 1 questions and answers, A+ content


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Bundle of WJEC exam with complete solutions| graded A+
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Exam (elaborations)
WJEC GCSE ICT Unit 3 questions and answers graded A+


Exam (elaborations)
WJEC Criminology Unit 4 AC1.3 questions and answers


Exam (elaborations)
theories of crime (wjec level 3 criminology) questions and answers


Exam (elaborations)
WJEC AS Business Studies Unit 1 questions and answers


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WJEC AS Geograp
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Business WJEC Unit 3 A2 level questions and answers
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Business WJEC Unit 3 A2 level questions and answers 
index numbers 
Indicator if changes in prices and quantities. Its a speiclaised avg designed to measure a group of related variable overs X amount of time. 
 
 
 
Features of index numbers 
Measures relative change over time 
 
Quantitative expression- Offer a precise measurement of the quantitative change in the concerned variable. 
 
Average- show changes in terms of average 
 
 
 
Advantages of Index numbers 
1.Measurement of change in the ...
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Business WJEC Unit 3 A2 level 100% accurate answers
- Exam (elaborations) • 20 pages • 2023
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Business WJEC Unit 3 A2 level 100% accurate answers 
index numbers 
Indicator if changes in prices and quantities. Its a speiclaised avg designed to measure a group of related variable overs X amount of time. 
 
 
 
Features of index numbers 
Measures relative change over time 
 
Quantitative expression- Offer a precise measurement of the quantitative change in the concerned variable. 
 
Average- show changes in terms of average 
 
 
 
Advantages of Index numbers 
1.Measurement of change in the ...
-
WJEC AS Business Studies Unit 1 questions and answers
- Exam (elaborations) • 7 pages • 2023
-
Available in package deal
-
- $13.99
- + learn more
WJEC AS Business Studies Unit 1 questions and answers 
Why do people start their own businesses? 
- To make a profit 
- To provide a good or service 
- To fill gap in the market 
- To turn a hobby into a career or business 
- To be independent/their own boss 
 
 
 
What is an entrepreneur? 
An entrepreneur is somebody who starts and runs a business. Perhaps they make a product or provide a service, the quite possibly may employ somebody to make a profit. Many Entrepreneurs are innovators, they b...
-
WJEC AS Business Studies Unit 1 questions and answers, A+ content
- Exam (elaborations) • 7 pages • 2023
-
Available in package deal
-
- $11.49
- + learn more
WJEC AS Business Studies Unit 1 questions and answers, A+ content 
Why do people start their own businesses? 
- To make a profit 
- To provide a good or service 
- To fill gap in the market 
- To turn a hobby into a career or business 
- To be independent/their own boss 
 
 
 
What is an entrepreneur? 
An entrepreneur is somebody who starts and runs a business. Perhaps they make a product or provide a service, the quite possibly may employ somebody to make a profit. Many Entrepreneurs are innova...
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