Business Studies Collins Revision Guide. - StudyGuide.PK

●●●●●EXAMINATION TECHNIQUE (9)If you are asked to draw a graph, perhaps for break even or aproduct life cycle, make sure that you label both the axes. Howeveraccurate looking or beautifully drawn, a graph without axeslabelled is meaningless and will get no marks. A title is alsohelpful. Add any other labels that you can.In a calculation question always have a go and show your working.If you make a silly mistake then you will still get some marks. If youhave no idea still try – you might pick up 1 or 2 marks foridentifying the figures that should be used, even if you cannotremember the formula. If you are given figures in the stem of thequestion you can be pretty sure that those are the ones you aremeant to be doing something with.Use any data you are given in the stem of the question. Forexample, in the question:‘Explain how well William’s Café has performed in 2001’you would need to use those figures given, and possibly calculateprofitability ratios. You might have been given the figures for gross ornet profit, or else had to calculate them in a previous question. If youknow that you got them wrong in a previous question, carry on, youmay still be able to get full marks for using them in the correct way.Try to use the appropriate business studies terms rather than generalwords, for example do not write ‘money’ when you mean ‘profit’ or‘sales revenue’. An aim of a business is to make profit not money.Try not to mix up words such as ‘borrow’ and ‘lend’. A business mayborrow money from a bank. The bank manager lends money to thebusiness.100