WJEC • Business studies

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - benefits and drawbacks of extrapolation - example of forecasting mistakes - implications of incorrect forecasting - what factors influence sales forecasts - how to calculate moving averages - moving averages diagram and definition - line of best fit - external factors affecting quantitative and qualitative sales forecasting -

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - nature and purpose of sales forecasting - time series analysis - methods of time series analysis - usefulness and unusefulness of time series analysis for a business - extrapolation - diagram of extrapolation - how a business might use extrapolation

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - moving average diagram - moving averages - line of best fit - benefits and drawbacks of extrapolation - example of forecasting mistakes - implications of incorrect forecasting - factors influencing sales forecasts

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - nature and purpose of sales forecasting - time series analysis - methods of time series analysis - usefulness and unusefulness of time series analysis for a business - extrapolation - diagram of extrapolation - how a business might use extrapolation

Component 1 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - impact on revenue for changes in Price elasticity of demand - impact on revenue for changes in Price Inelasticity of demand

Component 1 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - quantitative data - qualitative data - benefits and drawbacks of using histograms - price elasticity of demand - price inelasticity of demand - unitary elasticity of demand - negative income of demand - income inelasticity of demand

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - Pie Charts - Histograms - Line graphs - Bar Charts - Index numbers - Price Elasticity of Demand - Income Elasticity of Demand - PED graphs

Component 1 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - 3 economic sectors - examples of each economic sector - 4 factors of production - stakeholders - shareholders - different stakeholder groups

Component 1 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - what is needed on a business plan - benefits of a business plan - drawbacks of a business plan - benefits of a family firm - drawbacks of a family firm - adding value - examples of adding value - how a business can add value - benefits of adding value for a business

Component 1 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - what is needed on a business plan - benefits of a business plan - drawbacks of a business plan - benefits of a family firm - drawbacks of a family firm - adding value - examples of adding value - how a business can add value - benefits of adding value for a business