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🇬🇧 Welsh Baccalaureate (Welsh Bacc) · flashcards
Welsh Baccalaureate (Welsh Bacc) Enterprise and Employability Challenge Flashcards
50 question-and-answer cards covering Enterprise and Employability Challenge as it is examined in Welsh Baccalaureate (Welsh Bacc). 24 of them are printed below, taken from across the deck — no signup, no paywall on the preview.
24 sample cards from the Enterprise and Employability Challenge deck
Sampled from the end of the deck, so these are different cards from the ones shown on the syllabus page.
Define 'variable costs' and give an example.
Costs that change directly with the level of output, e.g. raw materials, packaging or hourly wages.
State the formula for total cost.
$$\text{Total Cost} = \text{Total Fixed Costs} + \text{Total Variable Costs}$$
How is total revenue calculated?
$$\text{Total Revenue} = \text{Selling Price per Unit} \times \text{Quantity Sold}$$
How is profit calculated?
$$\text{Profit} = \text{Total Revenue} - \text{Total Costs}$$
What is the break-even point and how is it calculated in units?
The level of output where total revenue equals total costs (no profit or loss): $$\text{Break-even (units)} = \frac{\text{Fixed Costs}}{\text{Selling Price} - \text{Variable Cost per Unit}}$$
What is the contribution per unit?
The amount each unit sold contributes towards fixed costs and profit: $$\text{Contribution per Unit} = \text{Selling Price} - \text{Variable Cost per Unit}$$
What is cost-plus pricing?
A pricing method where the cost of producing a unit is calculated and a percentage mark-up (profit margin) is added to set the selling price.
Define 'competitive pricing'.
Setting a price based on what competitors charge for similar products in order to remain attractive in the market.
What is a budget?
A financial plan that sets out expected income and expenditure for a future period, used to control finances and monitor performance.
What is the marketing mix (the 4 Ps)?
Product, Price, Place and Promotion — the controllable elements a business combines to market a product effectively.
In the marketing mix, what does 'Place' refer to?
How and where the product is distributed and made available to customers (e.g. shops, online, wholesalers).
Give four methods of promotion.
Advertising, social media/online marketing, sales promotions (discounts/offers), public relations, word of mouth and sponsorship.
Why is branding important in marketing?
A strong brand makes a business recognisable, builds customer loyalty and trust, differentiates it from competitors and can allow premium pricing.
Name five skills employers value in employees.
Communication, teamwork, problem-solving, time management/organisation, reliability, adaptability, numeracy/IT skills and a positive attitude.
What is the difference between 'hard skills' and 'soft skills'?
Hard skills are specific, teachable, technical abilities (e.g. coding, accounting); soft skills are interpersonal/personal traits (e.g. communication, teamwork, time management).
What is a CV (curriculum vitae)?
A document summarising a person's personal details, education, work experience, skills and achievements, used to apply for jobs.
List the main sections that should appear on a CV.
Personal/contact details, personal statement/profile, education and qualifications, work experience, skills, interests/achievements and references.
What is a covering (cover) letter?
A letter sent with a CV or application that introduces the applicant, explains why they are applying and highlights how they suit the specific job.
What does the STAR technique stand for when answering interview questions?
Situation, Task, Action, Result — a structure for giving clear, evidence-based answers about past experiences.
Name three things you should do to prepare for a job interview.
Research the company/role, prepare answers to likely questions and examples of your skills, plan appropriate dress and travel, and prepare questions to ask the interviewer.
Give three examples of professional behaviour in the workplace.
Being punctual and reliable, dressing appropriately, communicating respectfully, meeting deadlines, following rules/policies and showing a positive, cooperative attitude.
What is a business pitch?
A short, persuasive presentation in which an entrepreneur explains their business idea to an audience (e.g. investors) to win support, funding or backing.
What key elements should an effective business pitch include?
The idea/USP, the problem it solves, the target market, costs/pricing and financial forecast, why it will succeed, and a clear request (the 'ask').
Why is reviewing performance and outcomes important after a project?
It identifies what went well and what could be improved, measures success against original objectives/targets, and provides lessons to apply to future work.
What this deck covers
The Enterprise and Employability Challenge deck follows the Welsh Baccalaureate (Welsh Bacc) Enterprise and Employability Challenge syllabus — 4 chapters and 16 topics — so questions land on material that is genuinely examinable rather than trivia around it. That works out to roughly 12.5 cards per chapter.
Answers are written to be recallable, not just readable — averaging about 134 characters, which is long enough to carry the reasoning and short enough to say out loud.
A deck like this earns its keep on the second and third pass. Read the syllabus first so you know the shape of the subject, then use the cards to find the specific facts that have not stuck.
Enterprise and Employability Challenge flashcards FAQ
How many Enterprise and Employability Challenge flashcards are in this Welsh Baccalaureate (Welsh Bacc) deck?
50 cards. This page previews 24 of them, sampled evenly across the deck so you can judge the difficulty before installing anything.
Are these Welsh Baccalaureate (Welsh Bacc) flashcards free?
Yes. The preview here is free to read with no signup, and the full 50-card deck is free inside the Examius app.
What do the Enterprise and Employability Challenge cards cover?
They follow the Welsh Baccalaureate (Welsh Bacc) Enterprise and Employability Challenge syllabus — 4 chapters and 16 topics — so the questions track what is actually examinable.
How should I use these flashcards?
Read the syllabus first so you know the shape of the subject, then drill the deck. Examius schedules each card with spaced repetition, so cards you keep missing come back sooner and ones you know drift further apart.