Font size
WorksheetsKey terms in Business grade 9
Total questions: 20
Worksheet time: 11mins
A _______________ of a decision is what a person or business gives up when they make a choice.
trade on
trade-off
trader joes
trade union
A _________________________ is the particular group or groups of people that a business aims to sell its products to.
target practice
target market
target money
targeted
__________ are banks or other organizations from which a business borrows money.
loaners
lendees
lenders
lennys
A business’s ________________ is other businesses that have the same target markets.
competitors
compete
competition
An entrepreneur is a person who sets up and runs their own business.
entrepreneur
enterprise
interpreter
enter
An_________________ is a document that gives a step-by-step list of actions needed to complete a task.
action man
action flash
action force
action plan
____________ means inside or coming from inside
external
internet
internal
interval
______________ means outside or coming from outside
internal
infernal
external
extranet
A ________________ exists when the needs or wants of a group of customers are not being satisfied.
pronounced gap
market gap
Campbells gap
__________________ involves people within a business thinking of new ideas or finding new opportunities for the business.
intranet
entrepreneur
intrapreneur
enterprise
____________ means physical or mental work.
Labour
Human resources
natural resources
raw materials
An ____________ is a product that is brought into one country from another.
export
expert
import
importer
_________________ is the process of assessing and planning how to minimize risk.
risky business
risk management
risky manager
There are 5 stages of risk management.
true
false
Identify the stage:
Identify the risks
1
2
3
4
identify the stage:
Decide whether the risks are worth it.
1
2
3
4
Identify the stage:
Analyse the potential consequences of each risk.
1
2
3
4
Identify the stage:
Plan how to manage the risks.
2
3
4
5
Identify the stage:
Monitor and review
2
3
4
5
An (a) is someone who starts his own business.
