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
Marks for identify questions
Marks for identify questions
1 mark
Break-even point definition
Break-even point definition
Where total costs equal total revenue
Break-even formula
Break-even formula
Fixed costs ÷ Contribution per unit
Marks for outline questions
Marks for outline questions
Typically 2 marks
Outline question structure required
Outline question structure required
Point + detailed explanation/development
Context in outline questions
Context in outline questions
Must relate to specific business scenario
Marks for calculate questions
Marks for calculate questions
Typically 2-5 marks
First step in calculate questions
First step in calculate questions
Write down the relevant formula
Profit formula
Profit formula
Total revenue - Total costs
Total revenue formula
Total revenue formula
Price × Quantity sold
Total costs formula
Total costs formula
Fixed costs + Variable costs
Importance of showing working
Importance of showing working
Earn marks even if final answer is incorrect
Command words examples
Command words examples
Identify, outline, calculate