Exam skills (Edexcel GCSE Business): Flashcards
📚Flashcards
Practise the cards
13 cards from this deck
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Practise the cards
13 cards from this deck
What calculate questions require
What calculate questions require
Numerical answers using business formulas
What calculate questions test
What calculate questions test
Quantitative skills
Key to success in calculate questions
Key to success in calculate questions
Identify the formula needed & apply it step by step
Net profit margin shows
Net profit margin shows
How much profit as % of total sales revenue
Net profit margin formula
Net profit margin formula
(Net profit / Sales revenue) × 100
Percentage increase shows
Percentage increase shows
How much something has grown vs original size
Percentage increase formula
Percentage increase formula
(Increase / Original size) × 100
Net profit margin: £15m profit, £130m revenue
Net profit margin: £15m profit, £130m revenue
11.54%
Market share growth: 32% to 40%
Market share growth: 32% to 40%
25% growth
Why show working in calculate questions
Why show working in calculate questions
Gain marks for correct method even if answer wrong
Why check answer makes sense in context
Why check answer makes sense in context
Unrealistic results indicate errors (e.g. 500% profit margin)
What to include with all calculations
What to include with all calculations
Units (%, £, etc.)
Why label calculations clearly
Why label calculations clearly
Helps examiners follow your logic