AQA GCSE BUSINESS STUDIES PAPER 2 QUESTIONS WITH CORRECT ANSWERS 2024

AQA GCSE BUSINESS STUDIES PAPER
2 QUESTIONS WITH CORRECT
ANSWERS 2024
AimG-GcorrectGanswer-TheGintentionGtoGreachGaGgoal.



AssetG-GcorrectGanswer-SomethingGtheGbusinessGowns;GitGhasGaGvalue.



AirGpollutionG-GcorrectGanswer-
TheGpresenceGorGintroductionGofGharmfulGsubstancesGintoGtheGairGcausingGdisease,GallergiesGorGdamageGto
Ghumans,Ganimals,GplantsGorGtheGbuiltGenvironment.




AdvertisingG-GcorrectGanswer-
AGmethodGofGcommunicatingGinformationGaboutGtheGproduct;GtheGbusinessGpaysGforGadvertisingGtime/spa
ce.



ConsumerGlawG-GcorrectGanswer-
LawsGdesignedGtoGensureGthatGbusinessesGmakeGproductsGthatGareGsafeGandGofGgoodGquality,GandGthatGthe
yGdealGwithGcustomersGhonestlyGandGfairly.



BrandGimageG-GcorrectGanswer-
TheGconsumers'GperceptionGofGtheGbrand;GitsGcharacter,GqualitiesGandGshortcomings.GItGisGdevelopedGover
GtimeGandGoperatesGasGaGconsistentGthemeGthroughGadvertisingGcampaigns.




AverageGrateGofGreturnG-GcorrectGanswer-
TheGaverageGprofitGforGtheGyearGasGaGpercentageGofGtheGoriginalGinvestment.



BusinessGplanG-GcorrectGanswer-
AGdetailedGstatementGofGhowGtheGbusinessGintendsGtoGoperate,GeitherGatGstart-
upGorGduringGaGgivenGperiodGofGtime.



CompetitionG-GcorrectGanswer-
TheGrivalryGbetweenGbusinessesGlookingGtoGsellGtheirGgoods/servicesGinGtheGsameGmarket.

,ConsumerGspendingG-GcorrectGanswer-
TheGmoneyGspentGbyGhouseholdsGonGgoodsGandGservicesGtoGsatisfyGtheirGneedsGandGwants.



ChannelsGofGdistributionG-GcorrectGanswer-
TheGrouteGtheGownershipGofGtheGproductGtransfersGfromGtheGsellerGtoGtheGbuyer;GitGmayGbeGaGsingleGtrans
actionGorGpassGthroughGothersGsuchGasGwholesalers,Gdistributors,GagentsGandGretailers.



Break-evenGchartG-GcorrectGanswer-
AGdiagrammaticGrepresentationGofGtheGcostsGandGrevenueGforGaGproduct;GitGplotsGtotalGcostsGagainstGtotalG
salesGrevenue,GshowingGtheGbreak-evenGpointGwhereGtheyGcross.



Break-evenGoutputG-GcorrectGanswer-
TheGpointGatGwhichGtheGbusiness'GtotalGsalesGequalsGtheGtotalGcosts.GThereGisGneitherGprofitGnorGloss.



CostG-GcorrectGanswer-TheGmoneyGspentGbyGaGbusinessGonGgoodsGandGservices.



CompetitiveGpricingG-GcorrectGanswer-
SettingGtheGpriceGofGaGproductGsoGthatGitGisGinGlineGwithGcompetitors'Gprices.



ContractsGofGemploymentG-GcorrectGanswer-
AGlegalGdocumentGthatGsetsGoutGtheGtermsGandGconditionsGofGtheGjobGforGtheGemployerGandGtheGemploye
e.



CustomerG-GcorrectGanswer-
Individuals,GbusinessesGorGorganisationsGthatGpurchaseGgoods/servicesGandGmakeGdecisionsGaboutGwhichG
supplierGtoGchoose.



DisposalGofGwasteG-GcorrectGanswer-
TheGremoval,GstorageGorGdestructionGofGunwantedGmaterial.GMethodsGincludeGrecycling,GburningGandGlan
dfillGsites.

, Cost-plusGpricingG-GcorrectGanswer-
SettingGtheGpriceGofGaGgoodGorGserviceGatGanGamountGhigherGthanGtheGcostGofGproducingGitGsoGthatGaGprofi
tGisGmade.



CashG-GcorrectGanswer-MoneyGthatGtheGbusinessGhasGinGcashGorGatGtheGbank.



CashGflowGforecastG-GcorrectGanswer-
AGfinancialGplanningGtoolGthatGestimatesGtheGmoneyGcomingGintoGandGgoingGoutGofGtheGbusinessGonGaGmo
nth-by-
monthGbasis;GitGallowsGtheGbusinessGtoGpredictGtimesGwhenGadditionalGfinanceGmayGbeGneededGtoGmaintai
nGliquidity.



CustomerGengagementG-GcorrectGanswer-
TheGrelationshipGbetweenGtheGbusinessGandGtheGcustomerGthatGputsGtheGcustomer'sGrequirementsGatGthe
GcentreGofGtheGoperationGtoGbuildGbrandGloyalty.




E-commerceG-GcorrectGanswer-BusinessGtransactionsGcarriedGoutGelectronicallyGonGtheGinternet



CustomerGsatisfactionG-GcorrectGanswer-
WhetherGcustomersGareGpleasedGwithGtheGgoods/servicesGtheyGreceive;GwhetherGtheyGwouldGpurchaseGa
gain.



DemandG-GcorrectGanswer-
TheGquantityGofGaGparticularGproductGthatGwillGbeGboughtGatGparticularGpriceGoverGaGspecificGtime.



ExtensionGstrategiesG-GcorrectGanswer-
MethodsGthatGcanGbeGusedGtoGprolongGtheGlifeGofGaGproduct;GcouldGincludeGpriceGreductions,Gmodification
sGtoGtheGproductGorGrelaunch.



CashGinflowG-GcorrectGanswer-MoneyGreceivedGbyGtheGbusinessGfromGitsGoperationsGorGinvestments.



EmploymentGlawG-GcorrectGanswer-
RulingsGthatGrelateGtoGtheGrightsGandGresponsibilitiesGofGpeopleGwhoGworkGforGaGbusiness;GtheyGaffectGtheG
recruitmentGandGselectionGprocessGandGhowGtheGbusinessGdealsGwithGitsGworkers.