Business Studies AQA A-level (2022/2023) 100% Pass

Business Studies AQA A-level (2022/2023) 100% Pass Ansoff's Matrix Shows the strategies that a firm can use to expand, according to how risky they are Assets Resources owned by a business Balance sheet A snapshot of a firm's finances at a particular time Barrier to entry An obstacle that makes it harder for companies to enter a market Benchmarking a process by which a company compares its performance with that of high-performing organizations Big data Large quantities of data that can be collected from different sources Blake Mouton Grid An analytical tool to assess leadership style based on the level of interest in the people or task Boston Matrix Analyses all of the firm's products in terms of their market share and the growth of the market Bowman's strategic clock Shows positioning strategies based on different combinations of price and perceived added value break-even analysis a method of determining what sales volume must be reached before total revenue equals total costs Budget A plan for making and spending money Capacity utilisation The proportion of total capacity that is used (expressed as a percentage) Capital a company's wealth in the form of money or property capital expenditures Money used to buy fixed assets Carroll's Pyramid of CSR A diagram showing four elements of CSR as layers in a pyramid cashflow (n) the movement of money into and out of a business as goods are bought and sold Centralization decision authority is located near the top of the organization channel of distribution a pathway to direct products to consumers competitive advantage providing greater value for customers than competitors can confidence interval A range in which you can say, with a certain level of confidence, that a value lies Confidence level The probability that the research findings are correct Consumer Price Index an index of the cost of all goods