AQA Business GCSE - paper 1
EXAM QUESTIONS AND
VERIFIED CORRECT
ANSWERS GRADED A+
LATEST 100% GUARANTEED
PASS
disadvantages of public limited company - CORRECT ANSWER--Certain financial information
must be available- for everyone to see including competitors and customers
-Shareholders expect dividends
-Expensive+ complicated to set up
aim - CORRECT ANSWER-A general goal of a business
objective - CORRECT ANSWER-A specific target that contributes to a business achieving its aims.
It is usually SMART
SMART - CORRECT ANSWER-Specific, Measurable, Attainable, Realistic, Timely
What is the purpose of setting objectives? - CORRECT ANSWER-1. It gives a target to aim to,
therefore all efforts will be focused on attaining the objective instead of being inefficiently used
2. Gives participants a sense of direction, a glimpse of where they're going to
3. Motivates the staff, a reward could be given once the team successfully completed a project
4. You can measure whether the objective has been a success.
,objectives for a business - CORRECT ANSWER-Survival
Earning a Profit
Customer Satisfaction
Market share
State two reasons as to why a business might want to change its objectives - CORRECT
ANSWER-It may want to grow in order to get more sales and profits
It may also involve expanding overseas to target new customers
profit - CORRECT ANSWER-financial gain
ICT (information and communication technology) - CORRECT ANSWER-The computing and
communications systems that a business might use to exchange information with stakeholders.
Give two examples of information that a business might exchange with its customers using ICT -
CORRECT ANSWER-Prices of a product
Product Details
Explain one reason why a business might decide to use software robots as a form of business
technology - CORRECT ANSWER-They can be designed to respond to customer enquiries and
other stakeholders
The act of buying or selling a product using an electronic system such as the internet - CORRECT
ANSWER-E-commerce
The act of buying or selling a products through wireless handheld devices such as smartphones -
CORRECT ANSWER-M-commerce
, State two reasons why increasing numbers of retailers are using e-commerce - CORRECT
ANSWER-It helps smaller business to target national or even global markets with their products
The business will be able to advertise its products widely without spending large sums of money
on advertising
Digital Communication - CORRECT ANSWER-This is the transmission of information
electronically between computing devices.
Why business might use social media websites to communicate with its customers - CORRECT
ANSWER-- attract customers, get customer feedback and build customer loyalty.
- increase your market reach, including international markets.
- do market research and reduce marketing costs.
- increase revenue by building customer networks and advertising.
- develop your brand.
State two reasons why a large company might decide to hold meetings with shareholders
online. - CORRECT ANSWER-It improves the companies' communications.
More shareholders can attend as they do not have to travel
Ethics - CORRECT ANSWER-the principles of right and wrong that guide an individual in making
decisions
State two reasons that might be asked to decide whether a business is ethical or not - CORRECT
ANSWER-Are suppliers paid on time, or is the payment delayed?
Are employees treated fairly?Are they Paid well?Is child labour used in overseas factories?
Explain one way in which a business could engage in ethical marketing - CORRECT ANSWER-
Donating significant amounts of profits to charities
EXAM QUESTIONS AND
VERIFIED CORRECT
ANSWERS GRADED A+
LATEST 100% GUARANTEED
PASS
disadvantages of public limited company - CORRECT ANSWER--Certain financial information
must be available- for everyone to see including competitors and customers
-Shareholders expect dividends
-Expensive+ complicated to set up
aim - CORRECT ANSWER-A general goal of a business
objective - CORRECT ANSWER-A specific target that contributes to a business achieving its aims.
It is usually SMART
SMART - CORRECT ANSWER-Specific, Measurable, Attainable, Realistic, Timely
What is the purpose of setting objectives? - CORRECT ANSWER-1. It gives a target to aim to,
therefore all efforts will be focused on attaining the objective instead of being inefficiently used
2. Gives participants a sense of direction, a glimpse of where they're going to
3. Motivates the staff, a reward could be given once the team successfully completed a project
4. You can measure whether the objective has been a success.
,objectives for a business - CORRECT ANSWER-Survival
Earning a Profit
Customer Satisfaction
Market share
State two reasons as to why a business might want to change its objectives - CORRECT
ANSWER-It may want to grow in order to get more sales and profits
It may also involve expanding overseas to target new customers
profit - CORRECT ANSWER-financial gain
ICT (information and communication technology) - CORRECT ANSWER-The computing and
communications systems that a business might use to exchange information with stakeholders.
Give two examples of information that a business might exchange with its customers using ICT -
CORRECT ANSWER-Prices of a product
Product Details
Explain one reason why a business might decide to use software robots as a form of business
technology - CORRECT ANSWER-They can be designed to respond to customer enquiries and
other stakeholders
The act of buying or selling a product using an electronic system such as the internet - CORRECT
ANSWER-E-commerce
The act of buying or selling a products through wireless handheld devices such as smartphones -
CORRECT ANSWER-M-commerce
, State two reasons why increasing numbers of retailers are using e-commerce - CORRECT
ANSWER-It helps smaller business to target national or even global markets with their products
The business will be able to advertise its products widely without spending large sums of money
on advertising
Digital Communication - CORRECT ANSWER-This is the transmission of information
electronically between computing devices.
Why business might use social media websites to communicate with its customers - CORRECT
ANSWER-- attract customers, get customer feedback and build customer loyalty.
- increase your market reach, including international markets.
- do market research and reduce marketing costs.
- increase revenue by building customer networks and advertising.
- develop your brand.
State two reasons why a large company might decide to hold meetings with shareholders
online. - CORRECT ANSWER-It improves the companies' communications.
More shareholders can attend as they do not have to travel
Ethics - CORRECT ANSWER-the principles of right and wrong that guide an individual in making
decisions
State two reasons that might be asked to decide whether a business is ethical or not - CORRECT
ANSWER-Are suppliers paid on time, or is the payment delayed?
Are employees treated fairly?Are they Paid well?Is child labour used in overseas factories?
Explain one way in which a business could engage in ethical marketing - CORRECT ANSWER-
Donating significant amounts of profits to charities
