Qualification > Commerce
Economics and business unit 1 - developing new business ideas...
hamzamirza:
--- Quote from: Nanavel on January 12, 2010, 10:47:14 pm ---ok .. out of the whole paper .. these are what i remember and i screwed up in it because i had no time to think even a little ..
I am not sure which question was it .. but it was like >>> 60 meals , 12 variable cost and 120 fixed cost and we had to calculate the total average variable cost .. who's formula is Total variable cost / Level of output
I was So dummmy ( Definitly wasn't thinking because of time ) , I wrote the formula correct but the Answer wrong .. 12/60=0.2 and i put my answer as 2. Duuuhhh!!!
I should have did it like this .. 60 meals * 12 variable cost = 720 ; 720/60= 12 .
>_<"""
the last 2 questions .. which influences have you guys chosen ??
I chose Technological influence and Economic influence ... But at that time I couldn't think of any implications for Technology .. I thought there isn't any negative point .. the last minute i just added that it increases the rate of unemployment if the business uses technology rather then workforce labor .
After the exam was over , and sat for a minute and the implications are coming to my mind and i was like SH*TTTT !!
but again wats the use , I will do Awesome in economics , I dont want to to the same as Business .. i will think here .
--- End quote ---
for the calculation i did;
60 meals*£12 which gives sales revenue of £720, then from that i did £720 - £120 (the variable cost) to find gross profit i think...then divide it by 12, and i got £10 for the average variable cost
The last question i had wrote was on inflation, and recession, but hadnt written many ppoints, mainly just the defenitions and a few impacts on what it will have on the business :/
Sugar:
I used to like this subject..like.. a lot.. But the questions were ugly and I hated it.
Don't think I did well :(
hamzamirza:
--- Quote from: Sugar on January 14, 2010, 07:39:51 pm ---I used to like this subject..like.. a lot.. But the questions were ugly and I hated it.
Don't think I did well :(
--- End quote ---
which questions did u find particularly hard on the exam?
Nanavel:
My economics teacher asked me >> what were the questions in the exam or at least what the paper is about ?? I couldn't remember a single thing ...
albiol18:
tomorrow is the summer´s paper :(
unit 1 bsuiness & economics
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