A level Business
Study
A level Business exam questions and answers
Marketing - ANSWER;Meeting the needs and wants of customers
Venture Capital - ANSWER;finance that is provided to a small/medium sized business
which seeks growth, but may be considered high risk.
Monopoly - ANSWER;In theory a single producer, but in reality a company with a
market share of 25%.
Oligopoly - ANSWER;Small number of large firms dominate the market.
Monopolistic competition - ANSWER;Where a large number of firms are in a market,
each with enough differentiation(USP) to achieve a degree of power.
Perfect competition - ANSWER;Large number of small firms that are identical.
Capacity utilisation - ANSWER;The percentage the the maximum output the company is
currently achieving.
Operations management - ANSWER;The process of using resources to provide the
right goods or services to a consumer.
Induction training - ANSWER;Educating employees about how the business works and
the culture of the company rather than just their job.
Labour productivity - ANSWER;Output per worker over given period of time.
Labour turnover - ANSWER;Proportion of employees leaving a business over a given
time (usually a year).
Delegation - ANSWER;The process of passing authority down the hierarchy from a
manager to a subordinate.
Responsibility - ANSWER;Being accountable for ones actions.
Authority - ANSWER;The ability or power to carry out a task.
Accountability - ANSWER;The extent to which someone is held responsible for others
actions.
Study
A level Business exam questions and answers
Marketing - ANSWER;Meeting the needs and wants of customers
Venture Capital - ANSWER;finance that is provided to a small/medium sized business
which seeks growth, but may be considered high risk.
Monopoly - ANSWER;In theory a single producer, but in reality a company with a
market share of 25%.
Oligopoly - ANSWER;Small number of large firms dominate the market.
Monopolistic competition - ANSWER;Where a large number of firms are in a market,
each with enough differentiation(USP) to achieve a degree of power.
Perfect competition - ANSWER;Large number of small firms that are identical.
Capacity utilisation - ANSWER;The percentage the the maximum output the company is
currently achieving.
Operations management - ANSWER;The process of using resources to provide the
right goods or services to a consumer.
Induction training - ANSWER;Educating employees about how the business works and
the culture of the company rather than just their job.
Labour productivity - ANSWER;Output per worker over given period of time.
Labour turnover - ANSWER;Proportion of employees leaving a business over a given
time (usually a year).
Delegation - ANSWER;The process of passing authority down the hierarchy from a
manager to a subordinate.
Responsibility - ANSWER;Being accountable for ones actions.
Authority - ANSWER;The ability or power to carry out a task.
Accountability - ANSWER;The extent to which someone is held responsible for others
actions.
