AQA Business Studies BUSS1 - 14th May 2012!

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Reply 60

60062

No I don't sorry
but I do know that stakeholders was the topic for the 12 marker

Reply 61

jk122

Hey, can someone please explain contribution to me please? How does it affect breakeven? thanksss :biggrin:

Reply 62

60062

could someone explain added value for me please

Reply 63

Hugh*

Original post by jk122

Hey, can someone please explain contribution to me please? How does it affect breakeven? thanksss :biggrin:

Break even output = fixed costs / contribution per unit

contribution per unit = selling price - variable costs (e.g. if something sells for £20 and it costs £5 to make, its contribution = £15)

So using that example, if fixed costs are £50,000, the Break even output is

£50,000 / £20-£5 = 3333.3333 units to break even

However if the contribution per unit changes (say it increases) the break even output will decrease.
If the previous unit then started selling for £20 but only cost £2 to make,

£50,000 / £20-£2 = 2777.77778

and vice versa, if the contribution per unit decreases, then the break even output will increase.

Reply 64

Hugh*

Original post by 60062

could someone explain added value for me please

Adding value is increasing the worth of resources by modifying them. In other words, its making a product worth more than what was spent to make it.

Added value = sales revenue - the cost of making the product

Reply 65

Setsuna-F-Seiei

For the 18 marker, how many points should we make? I've done 2 but there really strong points.

Reply 66

Setsuna-F-Seiei

Original post by Hugh*

Tried to find a thread about this exam but couldn't...if you've got any questions post them here and I'll try to answer them :smile:

I feel like I'm well prepared for it, but I'm still nervous at the same time, and keep worrying theres something I've missed.

Check the specification and compare yourself best way to do it

Furthermore I dont think we have to learn break even yet that's unit 2?

Reply 67

Hugh*

Original post by Setsuna-F-Seiei

For the 18 marker, how many points should we make? I've done 2 but there really strong points.

What 18 marker? I'm presuming you're referring to question 2 part C & D?

If so, C & D require you to show: Content, Application, Analysis and Evaluation

I'd start off with a definition (if ones applicable) which will get you content marks.
You need to relate the points you're going to make directly to the case study (which will get you application marks), and then analyse them. For the evaluation you need to make a judgement - normally the question will have 'discuss' or 'to what extent...' or 'do you agree? justify your view' - so you need to weigh up both sides of your argument, then pick one with reasoning.

I don't really think it should matter how many points you make, just make sure you apply them to the case study. The time constraint on this exam is going to be the hardest part IMO.

Reply 68

Hugh*

Original post by Setsuna-F-Seiei

Check the specification and compare yourself best way to do it

Furthermore I dont think we have to learn break even yet that's unit 2?

Nope break-even is on unit 1.

Reply 69

rahmah7

hi does anyone have any idea as to what might come up on the exam paper?

ohh andd what formulas we need to know for unit 1!
thaaanks :smile:

Reply 70

jk122

Omg breakeven is one of the main areas of this exam!!

Reply 71

wishesofarose

In my head I've failed already. Do any of you know if you can re-sit this exam?

Reply 72

jk122

you can but not till january

Reply 73

Setsuna-F-Seiei

LOL. I realised i'm at the wrong exam paper i'm with OCR.

Reply 74

homousandfalafel

Lets hope this paper isn't as horrific as the one in january! :biggrin:

Reply 75

username912610

Exam tomorrow, I hope it all goes well good luck too people tomorrow

Reply 76

Robbanner

Hello guys im in this exam tomorrow, I was wondering on the longer questions, How I should format my questions? Like.... Definition, Point> Adv> Disadv> Conclusion what what you thinks better?
How do you guys set it out?

Reply 77

laurentommo

Original post by Robbanner

Hey

me too, and the way we've been told to do them is to follow this structure:

Definition (Always start with this for knowledge and content marks)
Application (A point from the case study relating to the question)
For/Against
Analysis
Evaluation

2nd Point
Application
For/Against
Analysis
Evaluation

End - Conclusion (sum up)

Be sure to use connectives/link words when evaluating and analysing.

Reply 78

laurentommo

Original post by 60062

could someone explain added value for me please

Added Value is the difference in value between the price of the finished product and the cost of the materials used. Therefore the contribution of materials has been given a value.

Businesses add value by:
- Advertising
- Branding
- Location
- Product Features

The benefits to the business for adding value are:
- Differentiation
- Higher profit margin
- Charge higher price

Hope it helps. :smile:

Reply 79

Robbanner

Original post by laurentommo

Hey