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WorksheetsGCSE Business Unit 1.3 (Vol 1)
Total questions: 10
Worksheet time: 13mins
Which is the correct formula for break-even point for a pizza takeaway with 600 customers a week spending an average of £20 each. Variable costs per order are £5 and the weekly fixed costs are £3,000.
Break-even = £20 x 600
Break-even = £3,000 / £15
Break-even = £3,000 x £20 + 600
Label the Break- Even Diagram using the descriptors below.
Revenue is:
The income a business receives from selling its goods and services
Income that comes in the form of a loan or a grant
The same income every month
The difference between costs and orders
Match the picture with the correct term for Greggs Bakery
Fixed Cost
Variable Cost
Revenue
Additional Income
Adidas launch a new basketball shoe. Match the SMART objectives.
Check sales on a daily, weekly and monthly basis
SPECIFIC
To increase their market share of Basketball footwear to 40% from 30%
MEASURABLE
Already have a strong brand image, sponsoring top players and clubs will help promote the new shoe
ACHIEVABLE
Research suggests the shoe is worn as a fashion item as well as for serious ballers and sales increased by 23% in last year
REALISTIC
The directors are expecting to see the objective as part of a 3 year plan to increase sales in Adidas Basketball overall
TIME
How do you work out the 'contribution per unit'
deduct the total variable cost per unit from the selling price per unit.
deduct fixed costs from variable costs
deduct total profits from total revenue
divide the total variable costs by total revenue x fixed costs
Which of these is NOT usually used to show a Break even point?
Diagram
Table
Formula
Piechart
A business can (a) it's chances of becoming more (b) if it (c) its sales, (d) its costs or (e) for its products.
By increasing its (a) of scale can (b) its costs. Economies of scale are (c) that can occur when a company increases their scale of production and becomes more efficient, resulting in a decreased cost-per-unit. Examples include (d) and also have longer to pay suppliers which helps with (e)
CASH INFLOWS V CASH OUTFLOWS
Wages and Salaries
Payment by customers by DD
Cash sales for your products
Water Bill
Share holders invest in Business
Tax Bill
Shareholders are given dividend on profits made
Sale of Assets
