A LEVEL BUSINESS

factors of production - -land-natural resources e.g. fields -labour-all human resources except entrepreneur -capital-buildings, machinery and tools, but not money -enterprise-the entrepreneur that organises the other 3 factors value added calculation - value of output-value of input what is a constraint on a business - a restraining factor e.g. environment, competition, legislation and the economy functions within a business - -accounting and finance -operations management and productio...

Economies of scale - reduction in average costs as output increases e.g bulk-buying, marketing, financial, technology Diseconomies of scale - rising long-run average costs as a business expands e.g communication, organisation, motivation, morale Internal economies of scale - cost reductions by single business as it grows External economies of scale - cost reductions available to all businesses as industry grows Overtrading - growing too fast run out of cash Merger - when firms join toge...

AQA A-level BUSINESS Paper 2 Business 2 7132-2-QP-Business-A-7Jun23

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

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

AQA A-level BUSINESS 7132/1 Paper 1 Business 1 Mark scheme June 2023 Version: 1.0 Final

AQA A-level BUSINESS 7132/1 Paper 1 Business 1 Mark scheme June 2023 Version: 1.0 Final

This is the final mark scheme

This is the official question paper