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Exam (elaborations)
Edexcel AS/A Level Business - Theme 3 Revision Questions and Answers
Corporate objectives The objectives of a medium to large-sized business as a whole Departmental and functional objectives The objectives of a department within a business Mission statement A brief statement, written by the business, describing its purpose and objectives, designed to encapsulate its present operations Objective (or goal) A target of or outcome for a business that allows it to achieve its aims SMART Acronym for the attributes of a good objective: Specific, Measurable, Agreed, ...
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Exam (elaborations)
Edexcel AS/A Level Business - Theme 2 Exam Questions and Answers
Capital The money provided by the owners in a business Capital expenditure Spending on business resources that can be used repeatedly over a period of time Internal finance Money generated by the business or its current owners Retained profit Profit after tax that is 'ploughed back' into the business Revenue expenditure Spending on business resources that have already been consumed or will be very shortly Sale and leaseback The practice of selling assets, such as property or machinery, and ...
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Exam (elaborations)
Edexcel AS/A Level Business - Theme 1 Revision Questions and Answers
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 satisf...
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