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AQA AS BUSINESS 7131/2 Paper 2 Business 2 Question Paper & Mark scheme (Merged)2024 jun.

1. Product - answer A general term which includes
goods and services
2. Gross Domestic Product (GDP) - answer Measures the
total value of the production of an economy (that
is all a country's businesses) over a period of time,
normally one year
3. Mission statement - answer Sets out a business's
overall purpose to direct and stimulate the entire
organisation
4. Aims - answer Long term plans of the business from
which its corporate objectives are derived
5. Objectives - answer Medium to long term goals
established to coordinate the business
6. Profit - answer Measures the extent to which
revenues from selling a product exceed the costs
incurred in producing it over time
7. Cash flow - answer The amount of money moving into and
out of a business over a time period
8. Stakeholders - answer Individuals or groups (such as
employees, customers and local residents) who
have an interest in the business
9. Revenues - answer The earnings or income generated by a
firm as a result of its trading activities
10. Profit - answer The surplus of total revenue over
total costs for a business over a trading period
11. Fixed costs - answer Costs that do not alter when a
business alters its level of output. Examples include rent
and rates.

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Specificaties

Niveau: University
School: Chamberlain
Opleiding: Nursing
Document
Rubriek: Tentamens
Gemaakt op: 03-07-2024
Type: .pdf
Pagina's: 6
Taal: English

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