AQA A level Business - Unit 1 / AQA A-LEVEL BUSINESS Business Merged
Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7m0
1. Key issues with Unlimited/ limited liability, Ordinary share capital, Market capitalisation and Divi-
different forms of dends.
business
2. Budgets Agreed ceiling on the monthly spending by any department or manger.
3. Corporate Objec- Targets for the whole business, such as profit to rise by 20% a year for the next 3
tives years for the whole business.
4. Delegated Decision making power is passed down the the hierarchy.
5. Entrepreneur Person with the initiative and drive to make a business idea happen.
6. Mission Over riding motivation or purpose of a business
7. Mission State- A short, powerful expressed sentence or two that explains the business aims clearly
ment yet motivationally.
8. Objectives Targets precise enough to allow praise or blame for the person in charge.
9. Profit Optimisa- The surplus of revenue over costs should be just right; neither too high in the short
tion term nor too low to finance long term success.
10. Strategy Medium to long term plan for meeting objectives.
11. Four business Marketing, People (Human Resources), Finance and Operations.
functions
12. Reasons busi- Human spirit, a sense of adventure, to lead people to what they can do, and to
nesses exist create income, meet consumer demand.
13. Set businesses Managers cannot make every decision. Contributes towards achieving goals. These
objectives are reasons for doing what?
1/4
Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7m0
1. Key issues with Unlimited/ limited liability, Ordinary share capital, Market capitalisation and Divi-
different forms of dends.
business
2. Budgets Agreed ceiling on the monthly spending by any department or manger.
3. Corporate Objec- Targets for the whole business, such as profit to rise by 20% a year for the next 3
tives years for the whole business.
4. Delegated Decision making power is passed down the the hierarchy.
5. Entrepreneur Person with the initiative and drive to make a business idea happen.
6. Mission Over riding motivation or purpose of a business
7. Mission State- A short, powerful expressed sentence or two that explains the business aims clearly
ment yet motivationally.
8. Objectives Targets precise enough to allow praise or blame for the person in charge.
9. Profit Optimisa- The surplus of revenue over costs should be just right; neither too high in the short
tion term nor too low to finance long term success.
10. Strategy Medium to long term plan for meeting objectives.
11. Four business Marketing, People (Human Resources), Finance and Operations.
functions
12. Reasons busi- Human spirit, a sense of adventure, to lead people to what they can do, and to
nesses exist create income, meet consumer demand.
13. Set businesses Managers cannot make every decision. Contributes towards achieving goals. These
objectives are reasons for doing what?
1/4
