Business studies Unit 1 AS Edexcel

Original post by ahsan_ijaz

erm yeah i know what the book is
also , im thinking of using these cards on quizlet by rohan taneja - the link he gave
ive saved those links for now- studying for chem and bio for now
But yeah - im gna use my book , the website , and past papers

whats the book

Reply 462

username1410667

10

Original post by Yousf

whats the book

Not sure if there's a proper official book but i'm using "Revision guide to AS level business studies"

Reply 463

OP

Original post by Devinely

Not sure if there's a proper official book but i'm using "Revision guide to AS level business studies"

Yeah I'm using that book too

Reply 464

Original post by Devinely

Not sure if there's a proper official book but i'm using "Revision guide to AS level business studies"

is that the cgp book? if not could you send me a link, much appreciated.

Reply 465

username1410667

10

Original post by Yousf

is that the cgp book? if not could you send me a link, much appreciated.

No it's not by them, I do have that book as well but i didn't find it as helpful.

It's on www.anforme.com

or you can find it on Amazon by putting in the book title (That's where i got it from)

Reply 466

Plzhelp:)

Hi, will there be AS level resits in June 2016 because my teacher said that there wernt?????

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Reply 467

OP

How is everyone feeling for Thursday? Soo many advantages and disadvantages to learn it's killing me

Reply 468

Khanthebrit

20

Queue the impending discussion in around about 50 hours time.....

Feeling a bit mixed, I was getting good grades in the mocks but it has been soooo long since I last revised for unit 2 :frown:

. Right now I am feeling mixed, so my plan is to start getting as much unit 2 knowledge into my head. I am hoping it will be more acknowledging and reminding, rather than reading stuff I have completely forgot!

Also, if any of you have question your unsure about please ask me. I may not know the answer myself, but I think it will be good because if I know it I can help and if not it indicates a gap in my knowledge.

(edited 8 years ago)

Reply 469

Original post by Khanthebrit

Queue the impending discussion in around about 50 hours time.....

Feeling a bit mixed, I was getting good grades in the mocks but it has been soooo long since I last revised for unit 2 :frown:

. Right now I am feeling mixed, so my plan is to start getting as much unit 2 knowledge into my head. I am hoping it will be more acknowledging and reminding, rather than reading stuff I have completely forgot!

Also, if any of you have question your unsure about please ask me. I may not know the answer myself, but I think it will be good because if I know it I can help and if not it indicates a gap in my knowledge.

Difference between lean management and lean production?

Reply 470

Original post by rohan taneja

How is everyone feeling for Thursday? Soo many advantages and disadvantages to learn it's killing me

What topics are you learning the advantage and disadvantages for, i cant think of many

Reply 471

Khanthebrit

20

Original post by Yousf

Difference between lean management and lean production?

In my opinion (this is not from any source) they essentially both mean the same thing. When discussing up lean production/management, it is important to include the principles of being 'lean'. So, you would refer to Continuous improvement, JIT, Teamwork (cell production), Time based management, Total Quality Management etc.

Both concepts focus on the 2 main things:
The Minimizing of waste
To produce at the most efficient level (cost of production/operating the business at its lowest)

Using the principles above, that is how businesses can go about doing this. For instance, JIT reduces costs and increases efficiency because less costs go into storing and essentially you will not be left with any 'dead stock' (stock that did not manage to get sold). This increases efficiency and minimizes waste.

Reply 472

Nath98

4

Is someone making a Unit 2 thread or will we use this one for discussion?

Reply 473

OP

Original post by Nath98

Is someone making a Unit 2 thread or will we use this one for discussion?

I think we are just going to use this one :smile:

Reply 474

GreenNinjaa

7

Im having troubles with PED
Can never get my head around the formula and the questions asked about it
help pls

Reply 475

Klatie

Original post by GreenNinjaa

Im having troubles with PED
Can never get my head around the formula and the questions asked about it
help pls

So the formula is % change in QD divided by % change in price.

If you get a negative answer you can ignore the minus sign.

If it's more than 1, it's price elastic which means the change in Demand is bigger than the change in price. So if price increases proportionally you would lose more demand than the increase. A decrease in price, proportionally the demand would increase more than the price change.

If your answer is 1 you have unitary price elasticity meaning there's the same proportional change so basically you should still make the same profits if other factors are still the same.

If the answer is less than 1 that the product is price inelastic meaning the change in demand is proportionally smaller than the change in price

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Reply 476

OP