IGCSE Business vocabulary competition 2022 First term

financing a business idea by obtaining small

amounts of capital from a large number of people, most often

using the internet and social media networks.

(a)  

passing responsibility to perform tasks to employees

lower down in the organisation.

(a)  

often a large company; owned by

shareholders who have limited liability. The company can sell

its shares to the general public.

(a)  

the collection of first-hand data for the

specific needs of the firm.

(a)  

the pattern of sales of a product from

introduction to its withdrawal from the market.

(a)  

ratio between liquid assets and current liabilities .

(a)  

the cost of producing a single unit of output.

(a)  

selling a product for more than it cost to

produce it.

(a)  

provision of finance by a bank which the business

will repay with interest over an agreed period of time.

(a)  

the level of output where revenue equals total costs;

the business is making neither profit nor loss.

(a)