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
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
