1
(VERIFIED BS PP2)
EDEXCEL GCSE BUSINESS PAPER2 SET OF
QUESTIONS AND CORRECT ANWERS ALREADY
GRADED A+ GUARANTEED SUCCESS
What is external/inorganic growth?
Business growth by joining forces with another
What are the 2 types of inorganic growth?
Merger
Takeover
What is flow production?
High volumes
High productivity
Highly automated process
Setting up expensive machines = high costs
How can tech aid the production process?
Robots in the assembly process
3D printing prototypes
E-commerce
What is a merger and a takeover?
Merger = 2+ businesses voluntarily agree to join up and work as one
, 2
(VERIFIED BS PP2)
Takeover = when 1 business buys another (buying 50%+ shares)
What is a PLC?
a business that can sell shares on the stock exchange
What are the pros and cons of technology on operations?
+ speeds up production process
+ lowers productions costs
+ fewer mistakes
- requires employees to be trained on how to use machinery
- costly initial investment
What are the factors affecting the choice of tech in a business?
productivity
Cost
Quality
What are bar gate stock graphs?
Max stock = most stock a business can hold
Re-order level = level of stock at which new stock will be ordered by the business
(difference between re-order level and the point in which stock increases is the
time it takes for stock to arrive)
What are the pros and cons of being a PLC?
+ limited liability
+ a lot of capital can be raised
, 3
(VERIFIED BS PP2)
- Risk of takeover
- accounts have to be made public so less privacy around financial performance
What are examples of internal finance sources?
Sale of assets
Retained profit
What are examples of external finance sources?
Loan capital
Share capital
What are dividends?
a sum of money paid regularly by a company to its shareholders out of its profits
What is globalisation?
When a business operates internationally + they become more connected
How does globalisation affect businesses?
imports (lower prices of products and raw materials than they would be able to
produce in the UK)
Exports (new international markets)
where the business is located
What is a multinational?
Large company with facilities and markets around the world
(VERIFIED BS PP2)
EDEXCEL GCSE BUSINESS PAPER2 SET OF
QUESTIONS AND CORRECT ANWERS ALREADY
GRADED A+ GUARANTEED SUCCESS
What is external/inorganic growth?
Business growth by joining forces with another
What are the 2 types of inorganic growth?
Merger
Takeover
What is flow production?
High volumes
High productivity
Highly automated process
Setting up expensive machines = high costs
How can tech aid the production process?
Robots in the assembly process
3D printing prototypes
E-commerce
What is a merger and a takeover?
Merger = 2+ businesses voluntarily agree to join up and work as one
, 2
(VERIFIED BS PP2)
Takeover = when 1 business buys another (buying 50%+ shares)
What is a PLC?
a business that can sell shares on the stock exchange
What are the pros and cons of technology on operations?
+ speeds up production process
+ lowers productions costs
+ fewer mistakes
- requires employees to be trained on how to use machinery
- costly initial investment
What are the factors affecting the choice of tech in a business?
productivity
Cost
Quality
What are bar gate stock graphs?
Max stock = most stock a business can hold
Re-order level = level of stock at which new stock will be ordered by the business
(difference between re-order level and the point in which stock increases is the
time it takes for stock to arrive)
What are the pros and cons of being a PLC?
+ limited liability
+ a lot of capital can be raised
, 3
(VERIFIED BS PP2)
- Risk of takeover
- accounts have to be made public so less privacy around financial performance
What are examples of internal finance sources?
Sale of assets
Retained profit
What are examples of external finance sources?
Loan capital
Share capital
What are dividends?
a sum of money paid regularly by a company to its shareholders out of its profits
What is globalisation?
When a business operates internationally + they become more connected
How does globalisation affect businesses?
imports (lower prices of products and raw materials than they would be able to
produce in the UK)
Exports (new international markets)
where the business is located
What is a multinational?
Large company with facilities and markets around the world
