[60062]

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

[jk122]

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

[60062]

could someone explain added value for me please

[Hugh*]

(Original post by jk122)
Hey, can someone please explain contribution to me please? How does it affect breakeven? thanksss

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.

[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

[Setsuna-F-Seiei]

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

[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

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?

[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.

[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.

[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

[jk122]

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

[wishesofarose]

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

[jk122]

you can but not till january

[Setsuna-F-Seiei]

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

[homousandfalafel]

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

[Kruz]

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

[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?

[laurentommo]

(Original post by 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?

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.

[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.

[Robbanner]

(Original post by laurentommo)
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.

Thank you and how do you start your evaluation? What phrases do you like to use?