Business studies Unit 1 AS Edexcel

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Could anyone post a list of all the different formulas simple and complex?

Break even = fixed costs/ contribution
- you have to rearrange if they ask you for any others.

operating(net profit) - total revenue - (fixed+variable costs)
operating profit margin - operating(net) / turnover x 100
gross profit - total revenue - variable costs
gross profit margin - gross profit / turnover x 100

they use a lot of different terms - so like revenue is the same as turnover and sales revenue

fixed costs : they sometimes use words like overhead , indirect costs to describe this.

variable costs: they can use words like cost of sales , direct costs to describe these

- if you read the whole forum i explained it in more detail to someone - it would help and my teacher advised just to step in the questions so if they say the owner of Burger king - act like its you and then think about the content

good luck :smile:

- these are all the formulas

Reply 101

Smeggo

The exam is in less than 2 hours, best of luck everyone!

Reply 102

ahsan_ijaz

Original post by Smeggo

The exam is in less than 2 hours, best of luck everyone!

Thanks you too :smile:

Reply 103

Smeggo

So how'd it go guys? What did everyone put for the multiple choice questions? :smile:

Reply 104

jamaicanbeggar

That paper had quite confusing multiple choice questions.....

Reply 105

Sosa

The last questions were so messed up but apart from that not too bad

Reply 106

Daine

What did you guys get for the question about operating cost question I think it was question 5

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Reply 107

Sosa

The calculation was wrong but I think it was 290 or something

Reply 108

Tizzydag

Q1) MARKET ORIENTATION
Q6) (about Belfast titanic) was margin of safety =0
Q about indian rupee= more british tourists visiting india.
Q about adidas, operating profit was 290 for last 3 months.
Q about hawk eye was operating profits aren't affected.
Don't remember any other Q's. But will try and answer if you remember them.
Paper was good, time pressured and last q was dodgy!!
Hope everybody elses went well.

(edited 8 years ago)

Reply 109

Smeggo

Original post by Tizzydag

Q1) market segmentation
Q6) (about Belfast titanic) was margin of safety =0
Q about adidas, operating profit was 290 for last 3 months.
Q about hawk eye was operating profits aren't affected.
Don't remember any other Q's. But will try and answer if you remember them.
Paper was good, time pressured and last q was dodgy!!
Hope everybody elses went well.

Uh, I thought question one was market orientation. I can't remember all of the details, but I remember it saying they used market research and some other stuff and businesses that are market orientated always use market research to find out what customers want etc.

Reply 110

GreenNinjaa

Yep. When you're looking at the wrong time for your exam.... You have no words.
I missed 18 marks. FML.

Reply 111

Sosa

Original post by Smeggo

Yup

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Reply 112

Rxvin

There was a question regarding business plan and what's included except:
It's Retained Profits

Reply 113

Rxvin

Yeah I got Market Orientation, because they weren't really segmenting the market with the cafe and yoga classes

Reply 114

Smeggo

What did people put for the increase in the value of the sterling compared to Indian Rupees?

Reply 115

Rxvin

I put A, to do with UK tourists going to India

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Reply 116

Yousf

How the **** is it possible to finish that paper

Reply 117

GreenNinjaa

Well guys..... Do well in unit 2 :eek:

Reply 118

Sosa

Whaaaat no waiii didn't they give u time at the end

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Reply 119

Tizzydag

Hi all, sorry i posted the wrong answer to q1, it should be market orientation. Was talking about it with mates at the time and the words confused me :smile: