Aqa Business Studies Unit 1 3.5 / 5 based on 2 ratings ? Business StudiesUnit 1GCSEAQA Created by: Jess ShallcrossCreated on: 21-05-16 12:44 Profits made as proportion of sales revenue Profit margin 1 of 16 The moral questions on which decisions are made and the in acts on its internal and external environment Ethics 2 of 16 The value of sales made during a trading period, also called revenue Turnover 3 of 16 The potential for loss but rewards in the business make it a calculated gamble Risk 4 of 16 The process of forming a limited liability company such as PLC and LTD Incorporation 5 of 16 The process of buying, managing and delivering goods, from the point of manufacture to then end of consumer Logistics 6 of 16 An industry whose location does not matter Footloose 7 of 16 Direct marketing by goods being delivered directly to the customer Mail order 8 of 16 The method used to transfer goods or services from the producer to the final consumer Channel of distribution 9 of 16 Transactions between people and business carried out entirely via the internet E-commerce 10 of 16 Supplier allows debts for goods and services to be payed one of two months after delivery Trade credit 11 of 16 Difference between cash in and cash out of a business over a time period Net cash flow 12 of 16 The money flowing into a business Receipts 13 of 16 When the employee gets a percentage of the amount they sell Commission 14 of 16 Goods and services sold to consumers must be described by the business Sales of goods act 15 of 16 Work is devided into separate tasks or jobs that allow workers to become skilled at one of them Specialisation 16 of 16
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