AQA A-Level business paper 1 revision / AQA A-LEVEL BUSINESS Busines
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
1. Why businesses Can make you money and you can be your own boss
exist
2. Mission a business aim expressed to make it seem especially purposeful and motivating
3. Objectives SMART Specific, Measurable, Achievable, Realistic, Time-bound
4. Why businesses - it is motivating to have a goal to aim toward
set objectives - as a boss you can not make every decision
5. Profit Revenue - total costs
6. What are the 5 -sole traders
types of business -private limited companies (LTD)
-Public limited companies (PLC)
-Private and public sector organisations
- non-profit organisations (charities)
7. Sole traders a business that is owned and operated by one person
8. Private Limited A small to medium sized company, owned by shareholders who have limited
Company (Ltd) liability. The company cannot sell its shares to the general public.
9. Private Limited -Limited liability
Company Advan- -Additional capital can be raised by selling shares (not to the general public)
tages -Separate legal existence to the owner
-Higher business status to sole trader
10. Private limited -You have to publish the account information
company Disad- -You need two share of £1 each
vantages
11.
, AQA A-Level business paper 1 revision / AQA A-LEVEL BUSINESS Busines
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
Public limited A limited company with more that £50,000 of share capital. Any member of the
company (plc) public can buy shares. Public companies must publish more detailed accounts
12. Public limited -Raising capital through public issue of shares
company Advan- -Offering shares to the public spreads risk
tages -Banks are more likely to lend money to PLC's
-More growth and expansion opportunities
-Having PLC at the end of your business name gives a better image
-Shares are more easily transferred so shareholders are happier
-Separate legal entity to the owner
13. public limited -More regulations that could increase costs
company Disad- -Higher level of transparency needed
vantages -Must start with £50,000 share capital
14. Private sector or- Organisations owned by individuals or companies
ganisations
15. Public sector or- Businesses owned by the government.
ganisations
16. Non-profit or- Businesses with a motive other than profit, may be to provide a social benefit or
ganisations service to society or to support a cause.
17. Share capital The total value of capital raised from shareholders by the issue of shares
18. Role of Share- to raise important issues with the board directors and raise funds
holders
19. Why sharehold- -Annual dividend payments
ers invest -A rise in the value of shares
20. Number of issued shares x current share price
, AQA A-Level business paper 1 revision / AQA A-LEVEL BUSINESS Busines
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
Market capitali-
sation
21. Influences on the -The profit after tax of the company x the value investors place on on those
price of shares earnings
22. Significance of High = cheap and easy to obtain more share capital
share price Low = unlikely to raise any extra share capital
changes
23. What are the 6 -Market conditions
external factors -Competition
affecting busi- -Changes in household incomes
nesses -Changes in interest rates
-Demographic factors
-Environmental issues
24. Market Condi- -The number of competitors in a particular market
tions -The intensity of competitiveness
-Total market available
-The rate at which the market is growing
25. Competition The tighter the economic and market conditions, the greater the competitive
pressures tend to be
26. Factors that ef- -Changes in the real income of the main income earner
fect household -The number of people in the household that work
incomes -The impact of government decisions on taxation and benefits
27. Changes in inter- If interest rates go up, businesses and individuals spend less. If interest rates go
est rates down, businesses and individuals spend more.
28.
, AQA A-Level business paper 1 revision / AQA A-LEVEL BUSINESS Busines
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
Demographic -Population size
factors -Age
-Gender
-Ethnicity
29. Environmental is- Concern for green issues and ethical issues involved with business.
sues and
fair-trade
30. What do man- Set objectives, organize, motivate and communicate, measure, develop people
agers do
31. What are the -Autocratic managers
leadership styles -Democratic managers (laissez-faire)
-Paternalistic
32. Autocratic man- Managers who centralise power and tell employees what to do. They tend to use
agers one-way, top-down communication.
33. Democratic man- Managers that take the view of their subordinates into account when making
agers (lais- decisions as well as delegating authority. Communication tends to be two-way.
sez-faire) 'Laissez-faire' means 'Let it be"
34. Paternalistic They try to do what is best for their staff. There may be consultations to find out
managers the views but the boss always makes the final decision.
35. Blake and Mou- looks at 'concern for people' and 'concern for performance' then grades the
ton's Managerial people to see where they fall on the grid.
Grid
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
1. Why businesses Can make you money and you can be your own boss
exist
2. Mission a business aim expressed to make it seem especially purposeful and motivating
3. Objectives SMART Specific, Measurable, Achievable, Realistic, Time-bound
4. Why businesses - it is motivating to have a goal to aim toward
set objectives - as a boss you can not make every decision
5. Profit Revenue - total costs
6. What are the 5 -sole traders
types of business -private limited companies (LTD)
-Public limited companies (PLC)
-Private and public sector organisations
- non-profit organisations (charities)
7. Sole traders a business that is owned and operated by one person
8. Private Limited A small to medium sized company, owned by shareholders who have limited
Company (Ltd) liability. The company cannot sell its shares to the general public.
9. Private Limited -Limited liability
Company Advan- -Additional capital can be raised by selling shares (not to the general public)
tages -Separate legal existence to the owner
-Higher business status to sole trader
10. Private limited -You have to publish the account information
company Disad- -You need two share of £1 each
vantages
11.
, AQA A-Level business paper 1 revision / AQA A-LEVEL BUSINESS Busines
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
Public limited A limited company with more that £50,000 of share capital. Any member of the
company (plc) public can buy shares. Public companies must publish more detailed accounts
12. Public limited -Raising capital through public issue of shares
company Advan- -Offering shares to the public spreads risk
tages -Banks are more likely to lend money to PLC's
-More growth and expansion opportunities
-Having PLC at the end of your business name gives a better image
-Shares are more easily transferred so shareholders are happier
-Separate legal entity to the owner
13. public limited -More regulations that could increase costs
company Disad- -Higher level of transparency needed
vantages -Must start with £50,000 share capital
14. Private sector or- Organisations owned by individuals or companies
ganisations
15. Public sector or- Businesses owned by the government.
ganisations
16. Non-profit or- Businesses with a motive other than profit, may be to provide a social benefit or
ganisations service to society or to support a cause.
17. Share capital The total value of capital raised from shareholders by the issue of shares
18. Role of Share- to raise important issues with the board directors and raise funds
holders
19. Why sharehold- -Annual dividend payments
ers invest -A rise in the value of shares
20. Number of issued shares x current share price
, AQA A-Level business paper 1 revision / AQA A-LEVEL BUSINESS Busines
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
Market capitali-
sation
21. Influences on the -The profit after tax of the company x the value investors place on on those
price of shares earnings
22. Significance of High = cheap and easy to obtain more share capital
share price Low = unlikely to raise any extra share capital
changes
23. What are the 6 -Market conditions
external factors -Competition
affecting busi- -Changes in household incomes
nesses -Changes in interest rates
-Demographic factors
-Environmental issues
24. Market Condi- -The number of competitors in a particular market
tions -The intensity of competitiveness
-Total market available
-The rate at which the market is growing
25. Competition The tighter the economic and market conditions, the greater the competitive
pressures tend to be
26. Factors that ef- -Changes in the real income of the main income earner
fect household -The number of people in the household that work
incomes -The impact of government decisions on taxation and benefits
27. Changes in inter- If interest rates go up, businesses and individuals spend less. If interest rates go
est rates down, businesses and individuals spend more.
28.
, AQA A-Level business paper 1 revision / AQA A-LEVEL BUSINESS Busines
Merged Question Paper + Mark Scheme
Study online at https://quizlet.com/_hck7bh
Demographic -Population size
factors -Age
-Gender
-Ethnicity
29. Environmental is- Concern for green issues and ethical issues involved with business.
sues and
fair-trade
30. What do man- Set objectives, organize, motivate and communicate, measure, develop people
agers do
31. What are the -Autocratic managers
leadership styles -Democratic managers (laissez-faire)
-Paternalistic
32. Autocratic man- Managers who centralise power and tell employees what to do. They tend to use
agers one-way, top-down communication.
33. Democratic man- Managers that take the view of their subordinates into account when making
agers (lais- decisions as well as delegating authority. Communication tends to be two-way.
sez-faire) 'Laissez-faire' means 'Let it be"
34. Paternalistic They try to do what is best for their staff. There may be consultations to find out
managers the views but the boss always makes the final decision.
35. Blake and Mou- looks at 'concern for people' and 'concern for performance' then grades the
ton's Managerial people to see where they fall on the grid.
Grid
