AQA A2 Business (BUSS3) Key Topic Revision Checklist

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Using Objectives and Strategies

Corporate objectives
Functional objectives
Business strategies
Relationships between functional objectives and
strategies

Using Financial Objectives

Introduction to financial objectives
Reasons for setting financial objectives
Cash flow targets
Minimising costs
Returns on investment objectives
Shareholders returns
Internal influences on financial objectives
External influences on financial objectives

Using Financial Data to Measure and Assess Performance

Introduction to financial statements
Users of financial accounts
Structure of the balance sheet
Analysing the balance sheet
Structure of the income statement
Analysing the income statement
Using financial accounts to assess business performance

Interpreting Published Accounts

Introduction to ratio analysis
Users of ratio analysis
Profitability ratios
Liquidity ratios

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AQA A2 Business (BUSS3) Key Topic Revision Checklist

Section / Topic

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Shareholder ratios
Value and limitation of ratio analysis
AQA ratio list and formula sheet

Selecting Financial Strategies

Introduction to financial strategies
Raising finance
Minimising costs
Profit centres
Allocating capital expenditure

Making Investment Decisions

Key issues in making investment decisions
Payback
Rate of Return
Net Present Value
Key influences on investment decisions
Evaluating investment appraisal

Understanding Marketing Objectives

Why set marketing objectives
Types of marketing objective
Internal influences on marketing objectives
External influences on marketing objectives

Analysing Markets and Marketing

Why analyse a market
Test marketing
Trend analysis extrapolation
Trend analysis correlation
Trend analysis moving averages
Qualitative forecasting
Using IT to analyse markets

Selecting Marketing Strategies

Introduction to marketing strategies
Cost leadership

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AQA A2 Business (BUSS3) Key Topic Revision Checklist

Section / Topic

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Focus
Differentiation
Ansoffs Matrix
Assessing the effectiveness of marketing strategies
Strategies for investing in international markets

Developing and Implementing Marketing Plans

Overview of marketing planning
Benefits and problems of marketing planning
Internal influences on marketing plans
External influences on marketing plans
Setting and using marketing budgets

Understanding Operational Objectives

Introduction to operational objectives
Quality targets
Cost & volume targets
Efficiency targets
Environmental targets
Internal influences on operational objectives
External influences on operational objectives

Scale and Resource Mix

Economies of scale
Diseconomies of scale
Capital and labour intensity

Innovation
What is innovation?
Benefits of successful innovation
Risks of innovation
Influences on innovation

Location
Main factors influencing choice of business location
Methods of making location decisions
Benefits of the right location

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AQA A2 Business (BUSS3) Key Topic Revision Checklist

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Issues in multi-site location

Issues in international location

Lean Production
Introduction to lean production
Time-based management
Simultaneous engineering
Critical path analysis explained
Critical path analysis evaluated
Cell production
Just in time
Kaizen

Understanding HR Objectives and Strategies

Introduction to human resource management
Human resource objectives
Internal influences on HR objectives
External influences on HR objectives
Hard HR strategies
Soft HR strategies

Developing and Implementing Workforce Plans

Introduction to workforce planning
Stages and components of a workforce plan
Internal influences on workforce planning
External influences on workforce planning

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AQA A2 Business (BUSS3) Key Topic Revision Checklist

Section / Topic

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Benefits of effective workforce planning

Issues with workforce planning

Competitive Organisational Structures

Organisation structure basics
Factors influencing the choice of structure
Centralised versus decentralised structures
Delayering
Flexible working
Outsourcing

Effective Employer/Employee Relations

Methods of communicating with employees
Barriers to effective communication
Employee representation
Managing industrial disputes and industrial action

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