A LEVEL BUSINESS

AQA A-level BUSINESS 7132/3 Paper 3 Business 3 Mark scheme June 2023 Version: 1.0 Final

A Level Business Paper 2 - April 2024 - In Class Assessment Questions and Answers 100% Pass Appreciation of a currency - Correct Answer ️️ -A rise in the value of a currency Base rate - Correct Answer ️️ -The rate of interest around which a bank structures other interest rates. Boom - Correct Answer ️️ -The peak of the economic cycle where GDP is growing at its fastest Consumer price index (CPI) - Correct Answer ️️ -A common measure of price changes used in the UK Defla...

Appreciation of a currency : A rise in the value of a currency Base rate : The rate of interest around which a bank structures other interest rates. Boom : The peak of the economic cycle where GDP is growing at its fastest Consumer price index (CPI) : A common measure of price changes used in the UK Deflation : A fall in the general price level. Depreciation of a currency : A fall in the value of a currency 2 | P a g e Downturn : A period in the economic cycle where GDP grows, but...

Aqa A-Level Business Paper 1 Business 1 7132-1 May23 Question Paper.

A LEVEL BUSINESS EXAM 2024 A LEVEL BUSINESS EXAM 2024 A LEVEL BUSINESS EXAM 2024

Internal finance Money generated by the business or its current owners External finance Money raised from sources outside the business Owner's Capital The money provided by the owners in a business Sale of assets when a business sells off its unwanted or unused assets to raise funds Retained profit Profit after tax that is 'ploughed back' into the business

Total Costs Fixed Costs + Variable Costs Total Revenue Price x Quantity Sold Margin of Safety Expected Output - Breakeven Output Breakeven Output Fixed Costs/Contribution Per Unit Contribution Per Unit Selling Price - Variable Costs Total Profit Output Fixed Costs + Target Profit/Contribution per Unit

What are niche markets? Where a business targets a smaller segment of a larger market, where customers have specific needs and wants What are mass markets? Where a business sells into the largest part of the market, where there are many similar products offered by competitors State the features of a mass market Customers form the majority of the market Customers needs and wants are more general and less specific What is economies of scale? Economies of scale mean that a business has lowe...

Added Value Added value is the value of the finished output over and above the cost of achieving it i.e. the cost of inputs and transformations. Value can be added by manufacturing, branding, technology and a unique selling point. Calculated as: Selling price - cost of inputs - cost of transformation Advertising A promotional method that involves the use of media to communicate with existing and potential consumers. Media used may be wide ranging from magazines and television to billboa...

Retained profits profits that the owners have reinvested into the business after paying costs and taxes Owners' funds money put in by the owners themselves Sale of assets a one-off way to raise money, generally used during financial struggles Benefits of owners funds Avoids interest on loans Owners keep complete control Disadvantages of owners funds If it fails after remortgaging, they could lose their house

Fixed costs ÷ contribution Break even (Opening stock + purchases) - closing stock Cost of sales Total revenue - cost of sales Gross profit Gross profit - expenses Net profit Gross profit ÷ sales revenue x100 Gross profit margin Net profit ÷ sales revenue x100 Net profit margin