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Quantitative analysis and data interpretation
Students calculate, interpret and apply quantitative and non-quantitative information in business decision making.
0
Objectives
10
Flashcards
10
Questions
90 min
Study time
AqaA LevelBusinessQuantitative skills in business
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Syllabus checklist
What you need to know
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Quantitative business calculations2 objectives
- Calculate, use and interpret ratios, averages, fractions, percentages, percentage changes and index numbers in business contexts.
- Calculate cost, revenue, profit, break-even and investment appraisal outcomes and interpret the results.
Quantitative and non-quantitative decisions2 objectives
- Construct and interpret standard graphical forms and interpret price and income elasticity of demand values.
- Use quantitative and non-quantitative information in written, graphical and numerical forms to make business decisions.
Key terms
business changeQuantitative business calculationsratiosfinancial decision-makingbreak-evenQuantitative and non-quantitative decisionselasticityQuantitative and non-quantitative decisions decisionquantitative information
Exam tips
- Quantitative business calculations exam tip 1: Write the method before the answer so the examiner can follow each step. Apply this to calculate, use and interpret ratios, averages, fractions, percentages, percentage changes and index numbers in business contexts..
- Quantitative business calculations exam tip 2: State the exact concept or formula you are using before substituting values. Apply this to calculate, use and interpret ratios, averages, fractions, percentages, percentage changes and index numbers in business contexts..
Common mistakes
- Quantitative business calculations common mistake 1: Show the method first, then give the final answer in the required form. Apply this directly to Quantitative business calculations.
- Quantitative business calculations common mistake 2: Name the relevant value or feature from the question and explain how it is used. Apply this directly to Quantitative business calculations.
Practice preview
- Explain how you would calculate, use and interpret ratios, averages, fractions, percentages, percentage changes and index numbers in business contexts. in the context of Quantitative analysis and data interpretation.
- Describe one business decision or mechanism that helps you calculate, use and interpret ratios, averages, fractions, percentages, percentage changes and index numbers in business contexts..
- Explain how you would calculate cost, revenue, profit, break-even and investment appraisal outcomes and interpret the results. in the context of Quantitative analysis and data interpretation.
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