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  • AQA A Level Business - Definitions
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AQA A Level Business - Definitions Exam Latest Updated 2025 With Complete Solutions

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Institution AQA A Level Business - Definitions
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Capacity utilisation - ANSWER-The amount of total capacity is being used Cash flow - ANSWER-Cash moving into and out of a business Cash flow forecast - ANSWER-The projection of likely cash inflows and outflows Competition - ANSWER-Other businesses that compete for a share in the same market Competitiveness - ANSWER-The business' ability to offer a better product than its competitors (measured in customers) Correlation - ANSWER-Relationship between two variables Total Contribution - ANSWER-The difference between the total sales and total variable costs Delegation - ANSWER-Where a responsibility or task is passed onto another employee in the business Demand - ANSWER-Amount of a good or service that customers desire Democratic - ANSWER-Leadership management when the manager involves the employees to make a decision Distribution channel - ANSWER-How the business gets its products to the end consumer Dividend - ANSWER-x Elasticity of demand - ANSWER-Responsiveness of demand towards the change of price Extrapolation - ANSWER-Using previous data to predict future data

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AQA A Level Business - Definitions Exam Latest Updated 2025 With Complete
Solutions


Capacity utilisation - ANSWER-The amount of total capacity is being used


Cash flow - ANSWER-Cash moving into and out of a business


Cash flow forecast - ANSWER-The projection of likely cash inflows and outflows


Competition - ANSWER-Other businesses that compete for a share in the same
market


Competitiveness - ANSWER-The business' ability to offer a better product than its
competitors (measured in customers)


Correlation - ANSWER-Relationship between two variables


Total Contribution - ANSWER-The difference between the total sales and total
variable costs


Delegation - ANSWER-Where a responsibility or task is passed onto another
employee in the business

, Demand - ANSWER-Amount of a good or service that customers desire


Democratic - ANSWER-Leadership management when the manager involves the
employees to make a decision


Distribution channel - ANSWER-How the business gets its products to the end
consumer


Dividend - ANSWER-x


Elasticity of demand - ANSWER-Responsiveness of demand towards the change of
price


Extrapolation - ANSWER-Using previous data to predict future data




Adverse varience - ANSWER-When actual costs are higher than budget costs


Autocratic - ANSWER-When the manager makes all the decisions

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