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Northern IrelandBusiness StudiesQuick questions

Growing the Business

Quick questions on Budgets and final accounts - CCEA A-Level Business Studies AS 2

3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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Define the term budget. [2 marks]
What is q2?
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A business has revenue of 120,000 pounds and cost of sales of 70,000 pounds. Calculate its gross profit. [2 marks]
What is q3?
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Analyse how variance analysis helps a business control its performance. [6 marks]

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