Category: business studies a level

Economies Of Scale – Business A2 BUSS3

In this article I will be talking about Economies of Scale which you will need to know in your A2 BUSS3 paper. I will be talking about Internal Economies of Scale, External Economies of Scale and am going to relate these to real life supermarket chains, Tesco and …

Corporate Aims and Objectives

This article will go over the coperate aims and objectives of a business. For Business A2, it is crucial you know what is an objective, what is a strategy, what must an objective be with mentions of functional and coporate objectives. What is an Objective? (long term)An objective …

How to Write a Winning Business Leaflet

Business leaflets are an economic way of reaching a new customer base, but they vary wildly in their impact. How can you write one of the winners? In the digital printing age, business leaflets are easy to design and produce. They are cheap to create and simple to …

Why Businesses use Budgets – Setting Budgets

A budget is a target for costs or revenue that a firm or department must aim to reach over a given period of time. A budgeting system shows how much can be spent, and gives managers a way to check whether they are on track. Most firms use …

Cash Flow Forecast and Management

Cash flow is the flow of money in and out of a business in a given time period. Cash flow forecasting is estimating the flow  of cash in the future. Managing cash flow is one of the most important aspects of financial management. Without the availability of cash from day-to-day, …

Break-Even Analysis – Meaning and Calculations

Fixed costs are expenses that do not change in response to changing demand or output. Fixed costs have to be paid whether or not the business is trading; examples include rent, business rates and interest charges. On the other hand variable costs will alter as demand and output …

Profit in Businesses – The Importance and Meaning of Profit

First, let’s start with the definition of profit being profit is the difference that arises when a firm’s sales revenue exceeds its total costs. This can be shown in an equation Revenue-Total Cost=Profit. With profit, there is also different types of profit. One type of profit managers use …

Consultants and Advisers – Benefits and Drawbacks

Consultant and advisers are used in businesses to hire staff or employ new people. The one other possibility for businesses looking to hire staff is to use an employment agency. Although the workers supplied carry out duties within the business, they are paid by the agency. This means …

Choosing the Location for a Start-Up Business

Location decisions are about where to site the company’s buildings (e.g. its factory, head office and/or its shops). As with most shop owners views, the three most important factors to success is location, location and lo action. However, good location is incredibly difficult to come by and is also …