| Question | Answer |
| What does GDP stand for? | Gross Domestic Product
|
What does the T in SMART stand for? | Timely
| Is rent a fixed or variable cost? | Fixed
| What is the top hierarchy on the business objective pyramid | Mission
| What sector does a farmer fit into? | Primary
| A business has a total cost of £12.5 million for producing 500,000 items. The variable cost per unit is £20. What are the fixed costs for the business? | £2.5 million
| What is the bottom hierarchy on the business objective pyramid? | Individual
| What does the M in SMART stand for? | Measurable
| A firm’s fixed costs in 2008 are £750. Its fixed costs then increase to £873.75 in 2009. What is the % change from 2008 to 2009? | 16.50%
| What is the email address for the Head of Business A-Level? | Mandi.marks@nulc.ac.uk
| What is the exam board that we use for A-Level Business? | AQA
| What sector does a supermarket fit into? | Secondary
| Who should have won the world cup? | England
| How many days work experience do A-Level students have to complete? | 3
| What is the calculation for profit? | Revenue – Costs = Profit |
