Quiz: Calculating Added Value
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Welcome! You've already learned what added value means and its importance. Now, let's test your knowledge of how to calculate it!
What is the formula for calculating added value?
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Which of the following can increase added value? (Select all that apply)
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Added value is the difference between the {{blank0}} of a product and the {{blank1}} used to make it.
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Match the items on the left with their correct pairs on the right
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A company sells a product for £20. The raw materials cost £8. What is the added value?
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Why is added value important for a business?
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Which factors can directly affect added value? (Select all that apply)
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Match the items on the left with their correct pairs on the right
If the selling price is £50 and the cost of raw materials is £15, what is the added value?
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