GCSE 9-1 Business Studies Theme 1.1 & Theme 1.2

Technology increases the chances of existing products becoming less popular, this means they are more likely to become ___________________.

• Useable

• Obsolete

• Wanted

• Desired

Launching new products or services will enable companies to maintain financial _________________.

• Stability

• Ruin

• Trouble

• Benefits

New flavours, different colours, pack sizes, online access, faster ways to provide an existing service...

• Changing

• Adding

• Adapting

• Thinking

Risk describes things that could go wrong. With such uncertainty involved in starting and running a business, risks are plentiful. For example _________________ enough capital.

• Buying

• Creating

• Using

• Raising

If a sole trader or partnership business fails, the owners are ___________________ liable for any debts the business has built up.

• Legal

• Lawfully

• Personally

• Illegible

Giving up the safety of a paid job, working for a business where income is assured and predictable, leads to a lack of ____________________.

• Money

• Security

• Finance

• Support

Although some entrepreneurs will be content with making enough profit to live a comfortable lifestyle, others seek to become rich. Many will become rich by selling their business, either to a large firm or to shareholders via the ______________________.

• Stock market

• Open market

• Closed market

• Shop market

Some people really dislike being told what to do by others. Starting a business can represent a release from the need to follow instructions or doing it somebody else's way.

• Democracy

• Hierarchy

• Sole trader

• Independence

Businesses produce goods and services in order to meet customers ____________ & ____________.

• Satisfy, Repeat

• Ordering, returning

• Buying, selling

• Needs, wants

Carries an image customers can identify with or want to be seen or associated with.

• Branding

• USP

• Loyalty

• Design