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    (Original post by Tateyama11)
    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

    - these are all the formulas
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    The exam is in less than 2 hours, best of luck everyone!
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    (Original post by Smeggo)
    The exam is in less than 2 hours, best of luck everyone!
    Thanks you too
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    So how'd it go guys? What did everyone put for the multiple choice questions?
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    That paper had quite confusing multiple choice questions.....
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    The last questions were so messed up but apart from that not too bad
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    What did you guys get for the question about operating cost question I think it was question 5


    Posted from TSR Mobile
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    The calculation was wrong but I think it was 290 or something
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    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.
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    (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.
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    Yep. When you're looking at the wrong time for your exam.... You have no words.
    I missed 18 marks. FML.
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    (Original post by Smeggo)
    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.
    Yup

    Posted from TSR Mobile
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    There was a question regarding business plan and what's included except:
    It's Retained Profits
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    Yeah I got Market Orientation, because they weren't really segmenting the market with the cafe and yoga classes
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    What did people put for the increase in the value of the sterling compared to Indian Rupees?
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    I put A, to do with UK tourists going to India


    Posted from TSR Mobile
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    How the **** is it possible to finish that paper
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    Well guys..... Do well in unit 2 :eek:
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    Whaaaat no waiii didn't they give u time at the end

    Posted from TSR Mobile
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    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
 
 
 
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