AS Level Business Unit 1 AQA
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?- Created by: Kirsty Louise
- Created on: 13-05-12 12:00
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…
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