Aqa A-Level Business Paper 1 Study Guide Rated A+

Break even point {Ans: The level of sales where revenue is exactly equal to total costs}Multiple Segmentation {Ans: Dividing the market and then producing products for each segment}Destroyer pricing {Ans: Lower prices to drive out competition}Lean production {Ans: The range of waste saving techniques introduced by Japanese manufacturing firms}Labour intensive {Ans: Being mor reliant on people instead of machinery and equipment}Drawbacks of bank loans {Ans: Repayment must be made Interest is and additional cost may need to offer security}Services {Ans: Activities that a business provides for a customer`}Interest Rates(Affect Costs) {Ans: Higher Inflaion Directly increase fixed costs}loss leader {Ans: An item priced at or below cost to draw customers into a store, assuming they'll by other products.}Interest Rates(affect Demand) {Ans: High interest rates income decrease demands for most spending as more people save}