Essential Math Skills for As/A-level Business

✍ Scribed by Charlotte Wright, Mike Pickerden

• Publisher: Hodder Education
• Year: 2016
• Tongue: English
• Leaves: 113
• Category: Library

✦ Synopsis

The worked examples and guided questions are invaluable, and are a particular strength of this text, as they help to prepare the students to tackle the practice questions. Having exam-style questions (at the end) is another very good feature of this book. All of the examples and questions use appropriate and relevant business-related scenarios...I am confident that this book will achieve the aim of helping A/AS Business students develop their maths skills and enhance their understanding of the subject. Michaela Cottee, Principal Lecturer in Statistics, Hertfordshire Business School. If you struggle with calculating profit or working out unit costs, this is the book for you. This textbook companion will help improve your essential maths skills for business, whichever awarding body specification you're following. You can use it throughout your course, whenever you feel you need some extra help. - Develop your understanding of both maths and business with all worked examples and questions within a business context - Improve your confidence with a step-by-step approach to every maths skill - Measure your progress with guided and non-guided questions to see how you're improving - Understand where you're going wrong with full worked solutions to every question - Feel confident in expert guidance from experienced teacher Charlotte Wright and Principal Examiner Mike Pickerden; reviewed by Dr Michaela Cottee, Principal Lecturer in Statistics at Hertfordshire Business School

✦ Table of Contents

Cover
Book title
Contents
Introduction
1 Key mathematical skills
Averages
Fractions
Ratios
Percentages
Percentage change
Interpreting graphs
Interpreting index numbers
2 Finance
Costs
Revenue
Profit
Profit margins
Contribution
Break-even
Budgets and variance analysis
Cash flow forecasting
Exchange rates
Liquidity ratios
Return on capital employed and gearing ratios
Efficiency ratios
Investment appraisal
3 Marketing
Market share, size and growth
Price elasticity of demand
Income elasticity of demand
Forecasting
4 Operations
Capacity and capacity utilisation
Decision trees
Critical path analysis
5 Human resources
Labour productivity
Labour turnover and retention
Absenteeism
Exam-style questions
Appendix
Exam board cross-reference chart