Business studies revision it’s for revision 0.0 / 5 ? Applied BusinessFixed costs GCSEAQA Created by: Jemma askewCreated on: 10-06-20 11:20 How do you work out break even? Fixed costs divided variable costs per unit 1 of 15 What is one example of segmentation? Behavioural 2 of 15 What is a advantage of segmentation? Focus on the firm value 3 of 15 What is a disadvantage of segmentation? Risk of getting involved with smaller markets 4 of 15 How do you work out profit? Total revenue - total costs 5 of 15 What is variable costs? Costs that do change with output 6 of 15 Give two examples of primary research Questionnaires and surveys 7 of 15 What is an advantage of primary research? It is reliable 8 of 15 What is a disadvantage of primary research? Expensive 9 of 15 How do you work out revenue? Sales x price 10 of 15 How do you work out total costs ? Variable costs + fixed costs 11 of 15 What is fixed costs? Costs that do not change with output 12 of 15 Give an example of secondary research Looking for existing data 13 of 15 Give an advantage of secondary research It’s low cost 14 of 15 Give an disadvantage of secondary research Currency of research 15 of 15
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