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A2 Business AQA Formula Quiz 1 Flashcards | StudBud
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A2 Business AQA Formula Quiz 1
A2 Business AQA Formula Quiz 1
10 terms
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Questions
10
Answers
1
Expected value - initial cost of decision =
Net Gain
Expected net value
Net Profit
2
Profit = total contribution -
variable costs
fixed costs
running costs
3
selling price per unit x total sold =
total revenue
total costs
4
Market capitalisation = no. of shares issued x
current share price
purchase share price
5
Total variable costs = variable cost per unit x
selling price
quantity produced
6
Market size can be measured in terms of sales volume or sales value.
TRUE
FALSE
7
PED = % change in QD 'X' % change in Price. What is 'x'?
divided by
multiplied by
8
sales of a product/brand/business divided by total sales in market =
market share
market growth
9
Market growth =
original sales / change in sales
change in sales / original sales
10
Total costs = Fixed costs +
direct costs
variable costs
