AQA 2023 Study guides, Revision notes & Summaries

AQA A Level Business Unit 7 Key Terms Mission - ANS An organisation's aims or long-term intentions, its ultimate purpose. Corporate objectives - ANS Goals of an organisation as a whole rather than the different functional elements of the organisation. Strategy - ANS The medium to long term plan in which an organisation aims to achieve its objectives. Tactics - ANS The way a strategy is carried out. Functional decision making - ANS Decision making that is meant for the short to medi...

AQA A level Business Unit 6 Hard Human Resource Management - ANS when managers treat the human resource in the same way they would treat and other resource. employee relations likely strained and staff may see the need to get trade union involved. Line Managers - ANS Staff responsible for achieving specific business objectives, and with the resources to get things done. Soft Human Resource Management - ANS Treat workforce as a special strength of the business and therefore make sure that ...

AQA A Level Business - Definitions Adverse varience - ANS When actual costs are higher than budget costs Autocratic - ANS When the manager makes all the decisions Bank overdraft - ANS The amount that can be overspent on a bank account (be overdrawn) Blake mouton grid - ANS The concern for people and production a manager has Boston matrix - ANS Product portfolio analysis of a business into 4 categories Branding - ANS how consumers recognise and identify with a product Break-Eve...

AQA A level Business - Unit 3 Question Paper & Mark scheme Price taker - ANS A business must accept the SPPU due to little ability to compete with the price maker Necessity Goods - ANS Demand increase proportionally less than income Product life cycle - ANS Theory that sales of all products follow a similar pattern over time - development, introduction, growth, maturity and decline Brand - ANS A name, sign, symbol, slogan that is recognizable Builds customer loyalty to brand Socio...

AQA A level business unit 7 Question Paper & Mark scheme [VERIFIED] SMART objectives - ANS specific, measureable, agreed, realistic, time bound. Strategy - ANS long-term plans to achieve the mission Tactics - ANS short term everyday actions Strategic decision making - ANS decisions based on the direction of the business Functional decision making - ANS decisions based on what departments should do Aims - ANS generalised statement of where business is are heading Balance Shee...

Business A Level AQA Unit 3.1 Question Paper & Mark scheme Mission statement - ANS The purpose of the organisation Business objectives - ANS The aims or targets that a business works towards. E.g. profit, growth, survival, cash flow Functional objectives - ANS Goals of each of the functional areas of a business Social/Ethical objectives - ANS Diversification, market standing, stakeholder needs Reasons for business objectives - ANS Sense of purpose, Efficiency, motivation, Yardstick ...

AQA A Level Business Paper 1 - 3.8 Content [3.8.1] What is Ansoff Matrix? A marketing planning model that helps a business determine its product and market strategy. Always consider the degree of risk. [3.8.1] What are the four elements to the Ansoff Matrix? Market Penetration, Product Development, Market Development, and Diversification. [3.8.1] What is Market Penetration? A growth strategy where a business aims to sell existing products into existing markets. - Aims...

AQA A-LEVEL Business: Unit 3 - Marketing and decision-making Question Paper & Mark scheme Marketing - finds out customers need & wants - anticipate what customers will want in future Includes: - research - analysis - planning - "marketing mix" Marketing objectives - targets set for marketing department help businessess achieve overall objectives - targets tend to focus on sales i.e. increase company sales by 25% by end of 2019 Sales volume & sales value - sales volume (nu...

AQA AS SOCIOLOGY 7191/2 Paper 2 Research Methods and Topics in Sociology Question Paper & Mark scheme (Merged) June 2023

AQA AS PSYCHOLOGY 7181/2 Paper 2 Psychology in context Question Paper & Mark scheme (Merged) June 2023