Business Gcse Key Terms
The amount of shares owned can indicate the amount of control within the 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.
Marketing Business Studies Unit 2 Edexcel Alevel Aarevision In 2021 Business Studies Business Studies A Level Study Unit
Customer Any person or organisation which buys or is supplied with a product or by a business.
Business gcse key terms. AQA GCSE Business Studies - Unit 1 Key terms DRAFT 10th -. GCSE BUSINESS KEY TERMS. The new GCSE specifications are renowned for being knowledge-rich and the Edexcel GCSE 9-1 Business specification is no exception.
Learning basic business terms is pivotal to improving your business acumen. The maximum amount of output a business can produce Total Costs All the costs of a business. Each shareholder owns a share of the business.
Total Costs All the costs of a business it is equal to fixed costs plus variable costs. 16 rows A business which operates in atleast 2 countries usually both selling products and producing them. Advertise your vacancies with tutor2u.
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. Learn vocabulary terms and more with flashcards games and other study tools. Theme 1 Investigating small business 1.
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. Edexcel GCSE Business 91 Key terms. Business terms to know Here are some of the fundamental business terms you should know.
From aesthetics to wants this PDF download has all the key terms - each with a concise definition. A detailed statement of how the business intends to operate either at start-up or during a given period of time. Learn vocabulary terms and more with flashcards games and other study tools.
Heres a handy and comprehensive glossary of all the key terms in the Edexcel GCSE 9-1 Business specification. Fortunately you dont need an MBA to master key business concepts. Profit Occurs when the revenues of a business are greater than its costs over a period of time.
Equal to fixed costs plus variable costs. Start studying Edexcel GCSE Business 9-1 Key Terms. Fixed Costs Costs which do not vary with the amount produced such as rent business rates advertising costs administration costs and salaries.
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. Find our more. During the exam period in revision sessions I cut them up and get pupils to match the key words to their definitions.
Accounting This concept should be. A merger is when the owners of two businesses agree to join their firms together to make one businesses. Consumer The person who ultimately uses or consumes a product.
Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences. Much cheaper more effective than TES or the Guardian. I use these in my lessons for the pupils to refer back to each lesson.
Integration is when one firm is integrated into another one. Business plans are based on forecasts and so cover only a short time. External growth is when a business takes over or merges with another business.
An individual with an idea for a business. These are all of the key words from each unit from the OCR GCSE specification for business straight from their text book. Internal reasonsmew leadershipavailability of employment legislationnew laws effecting salesrevenue business performanceprofit objective change to survival technologynew tech.
Internal growth occurs when a business expands its existing operations. Aims and objectives The goals of a business. Money that the business has in cash or at the bank.
Loss Occurs when the revenues of a business are less than its costs over a period of time. Start studying Business GCSE Key Terms. An active that requires the organisation of resources to achieve a reward whilst running a risk.
This primer will walk you through the basic business terms in easy-to-understand ways. 11 Enterprise and Entrepreneurship. The legal right to use the name and logo of an existing firm and sell the same productsservices.
134 Forecasting Cash Flows Cash Flow Notes coins and money in the bank. Advertise your teaching jobs with tutor2u.
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