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.

passing responsibility to perform tasks to employees

lower down in the organisation.

often a large company; owned by

shareholders who have limited liability. The company can sell

its shares to the general public.

the collection of first-hand data for the

specific needs of the firm.

the pattern of sales of a product from

introduction to its withdrawal from the market.

ratio between liquid assets and current liabilities .

the cost of producing a single unit of output.

selling a product for more than it cost to

produce it.

provision of finance by a bank which the business

will repay with interest over an agreed period of time.

the level of output where revenue equals total costs;

the business is making neither profit nor loss.