- Study guides, Class notes & Summaries

Production - Answer The transformation of resources into goods or services Job production - Answer where a single product is made at a time Batch production - Answer where one type of product is made and then settings / inputs are changed to manufacture another type. This is repeated to produce those products which are needed when demand dictates Flow production - Answer producing items in a continually moving process / assembly line Cell production - Answer Splitting ...

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3 pages

Written in 2024/2025

Grade A+

TestSolver9

Average Costs Per Unit - Answer Total Production Costs ÷ Total Output (Units) Net Present Value - Answer Cash flow x Discount Factor (Predicted rate of Inflation) Average Rate of Return - Answer Net Return (Profit per annum) ÷ Capital Outlay Cost (start cost) x 100 Payback Period - Answer Costs of Project (Investment) ÷ Net Cash Flow Generated x 12 Revenue - Answer Selling Price x Units Sold Gross Profit - Answer Revenue - Cost of Sales Operating Profit - A...

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2 pages

Written in 2024/2025

Grade A+

TestSolver9

cost-plus pricing - Answer choosing a price by adding a mark up to the production cost Price skimming - Answer starting with a high price then over time reducing the price as product becomes less innovative Penetration pricing - Answer using a price slightly lower than competitors already in the market Competitive pricing - Answer pricing at a similar level or slightly lower to competitors psychological - Answer pricing just below a round number to give an illusion of ...

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13 pages

Written in 2024/2025

Grade A+

TestSolver9

Market - Answer Any arrangement that allows buyers and sellers to communicate and exchange a particular range of products and services. What does marketing involve? - Answer It helps: - businesses sell its product/service. - Identify needs and wants of consumers. - Design product to suit them. - Understand threats of rivals. - Telling customers about products. - Charge a right price - Persuade consumers to buy product/service. - Make products in convenient locations. Mass Mar...

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5 pages

Written in 2024/2025

Grade A+

TestSolver9

price elasticity of demand - Answer a measure of the sensitivity of demand to changes in price Competitive Pricing - Answer When the product is priced in line with or just below competitors' prices to try to capture more of the market. Cost Plus Pricing - Answer adding a percentage (the mark-up) to the costs of producing a product to get the price. Mark-Up - Answer The percentage added to unit cost that makes a profit for a business when setting the price Penetration P...

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11 pages

Written in 2024/2025

Grade A+

TestSolver9

Collective bargaining - Answer A method of determining conditions of work and terms of employment through negotiation between employers and employee representatives Flexible workforce - Answer A workforce that can respond, in quantity and type, to changes in market demand Home workers - Answer People who undertake their regular work from home Industrial action - Answer Disruptive measures taken by workers to apply pressure on employers when disagreement cannot be resolved ...

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5 pages

Written in 2024/2025

Grade A+

TestSolver9

Statement of Comprehensive Income - Answer a financial document showing a company's income and expenditure over a particular time period, usually one year Statement of Financial Position - Answer a summary at a particular point in time of the value of a firm's assets, liabilities and capital Shareholder Interest in Balance Sheet and Income Statement - Answer potential shareholders, sell their shares, assess solvency, if investment is growing, dividends Manager Interest in...

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3 pages

Written in 2024/2025

Grade A+

TestSolver9

Edexcel A Level Business Paper 2 Exam 120 Questions And Correct Answers 2025 Latest//Already Graded A Edexcel A Level Business Paper 2 Exam 120 Questions And Correct Answers 2025 Latest//Already Graded A Edexcel A Level Business Paper 2 Exam 120 Questions And Correct Answers 2025 Latest//Already Graded A

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18 pages

Written in 2024/2025

Grade A+

JAMES125

EDEXCEL A LEVEL BUSINESS # PAPER 2 (ADVANCED INFORMATION) QUESTIONS WITH CORRECT ANSWERS VERIFIED A+ LATEST UPDATE Break Even - correct answers-When a business generates just enough revenue to cover its total costs Break-Even Point - correct answers-the point at which the costs of producing a product equal the revenue made from selling the product Contribution - correct answers-The amount of money left over after variable costs have been subtracted from revenue. The money contributes towa...

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7 pages

Written in 2024/2025

Grade A+

kevkay

Pearson Edexcel a level business(9BS0/01) question paper 1 june 2024 merged with mark scheme

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54 pages

Written in 2024/2025

Grade A+

HIGHQUALITYEDEXCELSOLUTIONS

Edexcel a level business question paper 3 june 2024 + mark scheme

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54 pages

Written in 2024/2025

Grade A+

HIGHQUALITYEDEXCELSOLUTIONS

Edexcel a level business question paper 2 june 2024 + mark scheme

4.5

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53 pages

Written in 2024/2025

Grade A+

HIGHQUALITYEDEXCELSOLUTIONS

Edexcel a level business question paper 1 june 2024 + mark scheme

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55 pages

Written in 2024/2025

Grade A+

HIGHQUALITYEDEXCELSOLUTIONS

Dex Bundled Exam Questions and CORRECT Answers

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15 items

STANFORDGRADESS

Edexcel A Level Business - Paper 1

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25 pages

Written in 2024/2025

Grade A+

tivakiok

Edexcel Bundled Exam Questions and CORRECT Answers

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4 items

STANFORDGRADESS

Brand Name A name, term, sign, symbol, design or any other feature that allows consumers to identify the goods and services of a business and to differentiate them from those of competitors E-commerce Conducting business transactions online Online retailing The retailing of goods online Market A set of arrangements that allows buyers and sellers to communicate and trade in a particular range of goods and services Marketing A management process involved in identifying, anticipating and ...

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15 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

CapitalThe money provided by the owners in a business Capital expenditureSpending on business resources that can be used repeatedly over a period of time Internal financeMoney generated by the business or its current owners Retained profitProfit after tax that is 'ploughed back' into the business Revenue expenditureSpending on business resources that have already been consumed or will be very shortly Sale and leasebackThe practice of selling assets, such as property or machinery, and ...

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14 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

Mark Scheme (Results) Summer 2023 Pearson Edexcel GCE A Level in Business (9BS0) Paper 01 Marketing and People and Global BusinessEdexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information visit our qualifications websites at or . Alternatively, you can get in touch with us us...

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54 pages

Written in 2023/2024

Grade A+

BESTSTUDYMATERIALS

Mark Scheme (Results) Summer 2023 Pearson Edexcel GCE A Level in Business (9BS0) Paper 02 Business activities, decisions and strategyEdexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information visit our qualifications websites at or . Alternatively, you can get in touch with us...

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53 pages

Written in 2023/2024

Grade A+

BESTSTUDYMATERIALS