Business Studies Collins Revision Guide. - StudyGuide.PK

More documents

Recommendations

Info

Check yourself<strong>Business</strong> finance1 Who would be interested in looking at the profit and lossaccount of a business? (1)2 What is meant by cost of sales? (1)123 If sales revenue is £12 000, cost of sales is £6000 and expensesare £3000, calculate the net profit.Show all your workings. (5)4 Calculate the gross profit : sales revenue ratioif sales revenue is £12 000 and the gross profit is £8000. (4)5 What is the formula for return on capital employed? (3)6 What are the three main parts of a balance sheet? (3)7 Why are liquidity ratios important? (1)8 What should the current ratio be approximately? (1)9 What is taken away from the current assets when calculating theacid test? (1)The answers are on page 113.51
●●MARKET RESEARCH (1)Market research is essential because a business needs to know asmuch as it can about its potential customers in order to reduce therisk of producing or selling the wrong goods. It also needs to knowthe best price to charge, how to sell the goods and where toadvertise them.A business that aims at a small market segment, such as a sportsshop that specialises in water polo, is said to exploit a niche market.IncomeAgeSocio-economic groupGenderHobbiesReligionGeographical areaRaceMarket segments●A business may analyse its own strengths, weaknesses,opportunities and threats. This is called a SWOT analysis to findthe position in the market of its products.Methods of researching the market●There are two methods of gaining information about potentialconsumers:■ desk research■ field research.52
Page 2 and 3:
GCSEBusiness StudiesCarolyn LawderS
Page 4 and 5:
Get the most out of yourInstant Rev
Page 6 and 7: OWNERSHIP AND CONTROL (1)Sole trade
Page 8 and 9: OWNERSHIP AND CONTROL (3)Limited co
Page 10 and 11: FORMS OF BUSINESS (1)Franchises●
Page 12 and 13: FORMS OF BUSINESS (3)ForEncourages
Page 14 and 15: ●OBJECTIVES AND GROWTH (1)Stakeho
Page 16 and 17: OBJECTIVES AND GROWTH (3)Growth●
Page 18 and 19: ●●●●RECRUITMENT AND SELECTI
Page 20 and 21: Check yourselfRecruitment and selec
Page 22 and 23: TRAINING (2)ContentInformation abou
Page 24 and 25: Check yourselfTraining1 Why is Heal
Page 26 and 27: ●●●MOTIVATION (2)The third le
Page 28 and 29: Check yourselfMotivation1 What are
Page 30 and 31: ●REWARDING EMPLOYEES (2)Disadvant
Page 32 and 33: Check yourselfRewarding employees1
Page 34 and 35: ●●●SOURCES OF FINANCE (2)A so
Page 36 and 37: SOURCES OF FINANCE (4)Long term●
Page 38 and 39: BUSINESS PLANS (1)What is a busines
Page 40 and 41: Check yourselfBusiness plans1 What
Page 42 and 43: ●●●●●●●●BREAK EVEN
Page 44 and 45: BREAK EVEN (4)●●Break even can
Page 46 and 47: ●●CASH FLOW FORECASTS (1)Cash f
Page 48 and 49: CASH FLOW FORECASTS (3)+60004000Net
Page 50 and 51: ●●●●●BUSINESS FINANCE (1)
Page 52 and 53: ●●BUSINESS FINANCE (3)Net profi
Page 54 and 55: BUSINESS FINANCE (5)Balance sheet
Page 58 and 59: MARKET RESEARCH (2)Desk research●
Page 60 and 61: MARKET RESEARCH (4)Sampling●●
Page 62 and 63: ●●MARKETING MIX (1)The marketin
Page 64 and 65: ●●●●●MARKETING MIX (3)Com
Page 66 and 67: MARKETING MIX (5)Advertising media
Page 68 and 69: MARKETING MIX (7)Place●●In the
Page 70 and 71: Check yourselfMarketing mix1 Explai
Page 72 and 73: ●●●PRODUCT LIFE CYCLE (2)Not
Page 74 and 75: ●PRODUCTION METHODS (1)Production
Page 76 and 77: PRODUCTION METHODS (3)Batch product
Page 78 and 79: PRODUCTION METHODS (5)Stock control
Page 80 and 81: PRODUCTION METHODS (7)Use of techno
Page 82 and 83: ●●●●●QUALITY CONTROL (1)Q
Page 84 and 85: ●●●●●QUALITY CONTROL (3)K
Page 86 and 87: LOCATION (1)Factors affecting the c
Page 88 and 89: LOCATION (3)Multinational organisat
Page 90 and 91: EXTERNAL ENVIRONMENT (1)●A busine
Page 92 and 93: EXTERNAL ENVIRONMENT (3)Equal oppor
Page 94 and 95: EXTERNAL ENVIRONMENT (5)Political i
Page 96 and 97: Check yourselfExternal environment1
Page 98 and 99: EXAMINATION TECHNIQUE (2)Coursework
Page 100 and 101: EXAMINATION TECHNIQUE (4)Command wo
Page 102 and 103: EXAMINATION TECHNIQUE (6)Pre-issued
Page 104 and 105: ●●●●●EXAMINATION TECHNIQU
Page 106 and 107:
Non pre-issued case studies●●
Page 108 and 109:
Check yourself answers2 FORMS OF BU
Page 110 and 111:
Check yourself answers4 RECRUITMENT
Page 112 and 113:
Check yourself answers6 MOTIVATION
Page 114 and 115:
Check yourself answers8 SOURCES OF
Page 116 and 117:
Check yourself answers10 BREAK EVEN
Page 118 and 119:
Check yourself answers12 1 ANSWER B
Page 120 and 121:
Check yourself answers14 MARKETING
Page 122 and 123:
Check yourself answers16 PRODUCTION
Page 124 and 125:
Check yourself answers18 LOCATION (
Page 126 and 127:
PerfectBoundAn e-book from HarperCo
Page 128:
About the PublisherAustraliaHarperC
show all

Business Studies Collins Revision Guide. - StudyGuide.PK

Create successful ePaper yourself

Delete template?

Save as template?