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Exam (elaborations)

AQA A-LEVEL BUSINESS EXAM 2025/2026 QUESTIONS WITH COMPLETED SOLUTIONS.

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AQA A-LEVEL BUSINESS EXAM 2025/2026 QUESTIONS WITH COMPLETED SOLUTIONS.

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Uploaded on
April 24, 2025
Number of pages
2
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

Subjects

  • how is revenue calculated ans selling price x
  • how is total costs calculated ans fixed costs
  • objectives should be smart what does this mean

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AQA A-LEVEL BUSINESS

How is revenue calculated? - ANS -Selling price x quantity sold
\How is total costs calculated? - ANS -Fixed costs + variable costs
\Objectives should be "SMART". What does this mean? - ANS -They should be:
Specific
Measurable
Agreed
Realistic
Time related
\On a graph, how is total costs shown? - ANS -Start at the fixed costs point and slope upwards depending on variable
costs
\What are common business objectives? - ANS -Profit
Growth
Survival
Cash flow
Social
Ethical
\What are corporate aims? - ANS -Long term plans to fulfil the mission statement
\What are corporate objectives? - ANS -Medium to long term quantifiable targets to achieve the mission statement
\What are tactics? - ANS -Day to day actions to support the strategy
\What are the benefits of being a sole trader? - ANS -- Cheap and easy to set up
- All profits go to the sole trader
- Autonomy in decision making
- Motivation is high as the success of the business and the individual is one and he same
\What are the different business forms? - ANS -Sole trader
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