AQA business year 1 revision

Construction and manufacturing activities relate to :

• The Primary sector

• The Secondary sector

• The Tertiary (third) sector

Functional objectives are usually set for :

• individuals

• the whole company

• departments

• senior management

The 'M' in SMART objectives =

• manageable

• motivating

• marginal

• measurable

Costs that alter directly with output level

• fixed costs

• variable costs

Revenue =

• selling price - quantity sold

• selling price + quantity sold

• selling price x quantity sold

• selling price / quantity sold

Unlimited liability applies to :

• an LTD

• a PLC

• a company

• a sole trader

Which type of business can sell shares to the public ?

• LTD

• PLC

• sole trader

Market capitalisation =

• Number of shares divided by share price

• Number of shares minus the share price

• Number of shares multiplied by share price

Qualitative market research =

• large scale surveys, closed questions

• small scale interviews, open questions

In the Blake Mouton grid, which is top left ? (high concern for people, low concern for production)

• Impoverished style

• Team leader

• Country club style

• Produce or perish