AS Level Business Unit 1 AQA

HideShow resource information

What C refers to the actual inflows and outflows of money in and out of the business? – Cash flow

What O is the next best alternative? – Opportunity cost

What R is when each member of the population has an equal chance of being selected? Random Sampling

What M is a term used to indicate the increase in potential sales? Market growth

What L is the temporary provision of money, usual with interest? Loan

What O is the excess over a credit balance? Overdraft

What F is a legal agreement to use another Companies Business Model? Franchise

What E is someone who takes a risk and organises a business venture? Entrepreneur

What B refers to what goals a business needs to achieve to achieve its Aims? Business Objectives

What M compares the amount of sales a business has in comparison to others? Market Share

What F is a cost that does not vary with output? Fixed Costs

What B is when a business makes neither a profit nor a loss? Breakeven

What Q looks at the motives behind consumer behaviour? Qualitative Data

What B refers to forward financial plans for income, expenditure and profit? Budgets

What P is revenue minus all costs? Profit

What L is termination of a business operation by using its assets to discharge its liabilities? Liquidation

What A is a process to increase the price a consumer would pay for a product? Added Value

What Q refers to numerical research? Quantitative Data

What C is planned future financial documentation? Cash Flow Forecast

What L can protect owner’s personal assets? Limited Liability

What B is where the aim of the business is found? Business Plan

What is the A in SMART? Agreed/Achievable

What O is a model of growth for a business? Organic

What P is an objective shareholders would be keen on? Profit

What S is an example of profit or survival? Short term

What M is when two firms agree to combine? Merger

What C is an important stakeholder for Tesco's? Customers

What S is someone who has an interest in a business? Stakeholder

What S is a short term objective of a new business? Survival

What M is increased to gain more power in the market place? Market Share

What D are the people who set

Comments

davidsalter

Report

This is a set of questions relating to unit 1. The answers are included which makes it hard to test yourself but can be used as a revision quiz for several students with one person acting as the quiz master.

Abdul.Aziz

Report

the answers need to be separate in order to challenge ourselves and revise properly by memorizing

Similar Business Studies resources:

See all Business Studies resources »See all Business Plans resources »