Business Key Terms Gcse
Quickly memorize the terms phrases and much more. From aesthetics to wants this PDF download has all the key terms - each with a concise definition.
Aqa Gcse Business Studies Unit 2 18 Organisational Structures Gcse Business Studies Business Studies Organizational Structure
Customer Any person or organisation which buys or is supplied with a product or by a business.
Business key terms gcse. I use these in my lessons for the pupils to refer back to each lesson. Throughout GCSE Business learners will have the opportunity to develop a wide range of skills enabling them to use business information critically to develop arguments to make justified decisions and to prepare them for further study and career. Boston House 214 High Street Boston Spa West Yorkshire LS23 6AD Tel.
Customer Any person or organisation which buys or is supplied with a product or service by a business. These are all of the key words from each unit from the OCR GCSE specification for business straight from their text book. The legal right to use the name and logo of an existing firm and sell the same productsservices.
Aims and objectives The goals of a business. Theme 2 Building a Business 1. 16 rows A business which operates in atleast 2 countries usually both selling products and producing them.
Start studying Business GCSE Key Terms. Partnership A group or association of between 2 and 20 people who agree to own and run a business together. Aesthetics How well the product appeals to the senses.
Business- Something that provides a good or a service. Consumer The person who ultimately uses or consumes a product. GCSE BUSINESS KEY TERMS.
An active that requires the organisation of resources to achieve a reward whilst running a risk. Heres a handy and comprehensive glossary of all the key terms in the Edexcel GCSE 9-1 Business specification. GCSE Business Studies Unit 1 Keywords and Definitions Unit 11 Spotting a Business Opportunity Supplier A business which sells or supplies products to another business.
Individuals who own the business or own a shares in it in return for the rights to decision making and profits balanced with the risks involved. An individual with an idea for a business. Stakeholders- Those that have a stake or interest in the performance of a business.
Added value The difference between the cost of the materials taken to make a product and the price that is charged for the product. The Eduqas Business GCSE introduces learners to the business world empowering them to develop as commercially minded and enterprising individuals. Advertising Communication between a business and its customers where images are placed in the media to encourage the purchase of products.
Entrepreneur- Someone that starts up a business. Theme 1 Investigating small business 1. Learn vocabulary terms and more with flashcards games and other study tools.
Spotting a Business Opportunity 111 Businesses Supplier A business which sells or supplies products to another business. The new GCSE specifications are renowned for being knowledge-rich and the Edexcel GCSE 9-1 Business specification is no exception. Edexcel GCSE Business Studies.
Introduction to Small Business Topic 11. GCSE Business Studies Unit 3 Keywords and Definitions Retained Profit Profit which is kept back in the business and used to pay for investment in the company Equity or share capital The monetary value of a business that belongs to the business owners. Edexcel GCSE Business 91 Key terms.
Gap in the market- Where there is a demand for a good or service that is not currently being met by any businesses. Business Structure Organisation and Control Term Concise Definition Sole Trader A business owned and operated by one person has unlimited liabil-ity. Key Terms for Unit 1 Unit 1.
Business GCSE Business Studies is designed for students finishing secondary school to learn skills for running a business such as managing money advertising and employing staff. A business with social objectives that reinvest most of its profits back into the business or into benefiting society as a whole Stakeholder An individual or group which has an interest in a business because they are affected by its activities and its decisions. A business that is owned and operated by a group of between 2.
44 0844 800 0085 Fax. Edexcel GCSE Business 91 Key Terms. Private Limited Company A company jointly owned by the people who have invested in it.
In a company this would be the value of their shares Share A part ownership in a business. Working only a proportion of the full time hours. During the exam period in revision sessions I cut them up and get pupils to match the key words to their definitions.
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