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Exam (elaborations)

BUSINESS PAPER 2 REVISION QUESTIONS WITH CORRECT ANSWERS

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BUSINESS PAPER 2 REVISION QUESTIONS WITH CORRECT ANSWERS

Institution
AQA A LEVEL BUSINESS
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AQA A LEVEL BUSINESS








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Institution
AQA A LEVEL BUSINESS
Course
AQA A LEVEL BUSINESS

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Uploaded on
October 13, 2024
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • business paper 2 revision questions with correct a

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BUSINESS PAPER 2 REVISION
QUESTIONS WITH CORRECT ANSWERS
NameUsomeUstakeholdersU-UcorrectUanswer-Employees,Manager,Supplier,GovernmentUandUcustomers



WhatUisUlimitedUliability?U-UcorrectUanswer-
ShareholdersUareUresponsibleUforUtheUlossesUandUdebtsUofUtheUbusiness



WhatUisUunlimitedUliability?U-UcorrectUanswer-
TheUownerUisUpersonallyUandUfullyUresponsibleUforUallUlossesUandUdebtsUofUtheUbusiness



WhatUisUaUsoleUtrader?U-UcorrectUanswer-
aUpersonUwhoUisUtheUexclusiveUownerUofUaUbusiness,UentitledUtoUkeepUallUprofitsUafterUtaxUhasUbeenUpaidUb
utUliableUforUallUlosses



WhatUareUtheUfactorsUaffectingUtheUlocationUofUaUbusiness?U-UcorrectUanswer-
AccessUtoUrawUmaterials,UAccessUtoUtheUtargetUmarket,URoomUforUexpansion,UGovernmentUpolicyUandUacc
essUtoUauxiliary



WhatUisUaUvariableUcost?U-UcorrectUanswer-aUcostUthatUvariesUwithUtheUlevelUofUoutput.



WhatUisUeconomiesUofUscale?U-UcorrectUanswer-
aUproportionateUsavingUinUcostsUgainedUbyUanUincreasedUlevelUofUproduction.



WhatUisUdiseconomiesUofUscale?U-UcorrectUanswer-
DiseconomiesUofUscaleUhappenUwhenUaUcompanyUorUbusinessUgrowsUsoUlargeUthatUtheUcostsUperUunitUincr
ease



HowUdoUyouUcalculateUaverageUcost?U-UcorrectUanswer-totalUcost/quantity



WhatUisUtheUpurposeUofUsettingUaimsUandUobjectives?U-UcorrectUanswer-
TheyUprovideUaUpurposeUforUtheUbusinessUandUalsoUaUdirection
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