Social Sciences Business Business management
AQA A Level Business - Definitions / AQA A-LEVEL
BUSINESS Business Merged Question Paper + Mark
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MKG 460 - Exam 7 MBA 6207 Midterm Functions of Human
48 terms 159 terms 35 terms
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Practice questions for this set
Learn 1 /7 Study using Learn
The concern for people and production a manager has
Select the correct term
1 Tannenbaum schmidt continuum 2 Ansoffs matrix
3 Blake mouton grid 4 Venn diagram
Don't know?
Adverse varience When actual costs are higher than budget costs
Autocratic When the manager makes all the decisions
The amount that can be overspent on a bank account (be
Bank overdraft
overdrawn)
Blake mouton grid The concern for people and production a manager has
Boston matrix Product portfolio analysis of a business into 4 categories
, Branding how consumers recognise and identify with a product
Break-Even The point when total sales is equal to total costs
Budget Income and costs predicted over a period of time
Buffer inventory Minimum amount of stock a business requires to operate
Capacity utilisation The amount of total capacity is being used
Cash flow Cash moving into and out of a business
Cash flow forecast The projection of likely cash inflows and outflows
Competition Other businesses that compete for a share in the same market
The business' ability to offer a better product than its competitors
Competitiveness
(measured in customers)
Correlation Relationship between two variables
Total Contribution The difference between the total sales and total variable costs
Where a responsibility or task is passed onto another employee
Delegation
in the business
Demand Amount of a good or service that customers desire
Leadership management when the manager involves the
Democratic
employees to make a decision
Distribution channel How the business gets its products to the end consumer
Dividend x
Elasticity of demand Responsiveness of demand towards the change of price
Extrapolation Using previous data to predict future data
Favourable variance When the actual is higher than budgeted results
Fixed costs Costs that do not vary with the level of output
Gross profit Revenue - cost of sales
The structures and levels of management and supervision within
Hierarchy
a business
Income elasticity of demand The responsiveness of demand to a change of income
Process that ensures that the business has sufficient but not too
Inventory control
much stock
Job design The way which tasks are combined to form a job
Just-in-time Method when inventory arrives just when it's needed
Labour productivity Output produced per employee over a given time
Lean production Methods of production where a business can reduce waste
Limited liability Owners are only liable for the money they have invested
Margin of safety Difference between actual level of output and break even
Market capitalisation Margin of outstanding shares in a plc
Market growth The percentage growth of a market over a period of time
planning, collecting and analysing data to make a market
Market research
decision
AQA A Level Business - Definitions / AQA A-LEVEL
BUSINESS Business Merged Question Paper + Mark
Scheme
Save
Students also studied
Flashcard sets Study guides Practice tests
MKG 460 - Exam 7 MBA 6207 Midterm Functions of Human
48 terms 159 terms 35 terms
Preview Preview Andreas-the-best
Practice questions for this set
Learn 1 /7 Study using Learn
The concern for people and production a manager has
Select the correct term
1 Tannenbaum schmidt continuum 2 Ansoffs matrix
3 Blake mouton grid 4 Venn diagram
Don't know?
Adverse varience When actual costs are higher than budget costs
Autocratic When the manager makes all the decisions
The amount that can be overspent on a bank account (be
Bank overdraft
overdrawn)
Blake mouton grid The concern for people and production a manager has
Boston matrix Product portfolio analysis of a business into 4 categories
, Branding how consumers recognise and identify with a product
Break-Even The point when total sales is equal to total costs
Budget Income and costs predicted over a period of time
Buffer inventory Minimum amount of stock a business requires to operate
Capacity utilisation The amount of total capacity is being used
Cash flow Cash moving into and out of a business
Cash flow forecast The projection of likely cash inflows and outflows
Competition Other businesses that compete for a share in the same market
The business' ability to offer a better product than its competitors
Competitiveness
(measured in customers)
Correlation Relationship between two variables
Total Contribution The difference between the total sales and total variable costs
Where a responsibility or task is passed onto another employee
Delegation
in the business
Demand Amount of a good or service that customers desire
Leadership management when the manager involves the
Democratic
employees to make a decision
Distribution channel How the business gets its products to the end consumer
Dividend x
Elasticity of demand Responsiveness of demand towards the change of price
Extrapolation Using previous data to predict future data
Favourable variance When the actual is higher than budgeted results
Fixed costs Costs that do not vary with the level of output
Gross profit Revenue - cost of sales
The structures and levels of management and supervision within
Hierarchy
a business
Income elasticity of demand The responsiveness of demand to a change of income
Process that ensures that the business has sufficient but not too
Inventory control
much stock
Job design The way which tasks are combined to form a job
Just-in-time Method when inventory arrives just when it's needed
Labour productivity Output produced per employee over a given time
Lean production Methods of production where a business can reduce waste
Limited liability Owners are only liable for the money they have invested
Margin of safety Difference between actual level of output and break even
Market capitalisation Margin of outstanding shares in a plc
Market growth The percentage growth of a market over a period of time
planning, collecting and analysing data to make a market
Market research
decision
