Business Gcse Key Terms
This primer will walk you through the basic business terms in easy-to-understand ways. Heres a handy and comprehensive glossary of all the key terms in the Edexcel GCSE 9-1 Business specification.

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

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