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AS Business Studies Revision Guide (AQA)


Total revenue = price x quantity sold
Total costs = fixed costs + variable costs
Variable costs = variable cost per unit x quantity sold
Profit = revenue costs
Contribution per unit = selling price variable cost per unit
Total contribution = revenue total…

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Secondary
research
Quantitative
research
Qualitative
research
Random
sampling
Quota
sampling
Stratified
sampling
Source of Description Short/long Advantages Disadvantage
finance term s
Owner's
savings
Sale of assets
Retained profit
Overdraft
Trade credit
Leasing
Hire purchase
Bank loan
Debentures
Mortgage
Venture capital
Share capital



























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Type of Description Advantages Disadvantages
employee
Full time employee
Part time employee
Permanent
employee
Temporary
employee
Zero hour contract
Job sharing
External
consultant/advisor
























Structure Description Advantages Disadvantages
Tall

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Flat (delayered)




Type of pay Description Advantages Disadvantages
Time based pay
Piece pay
Commission
Performance related
pay
Profit related pay
Employee share
ownership
programme
Fringe benefits
Job enrichment
Job enlargement
Job rotation




Theory Description Advantages Disadvantages
Herzberg
Maslow
Taylor
Mayo




Factors of production:

Capital money to buy machinery, tools, offices…

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Operate efficiently
Offer convenience
Have a unique selling point



Capacity utilisation Advantages Disadvantages
High capacity utilisation
Low capacity utilisation




Quality system Description Advantages Disadvantages
Any quality system
Total quality
management
Quality
control/assurance










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