WorksheetsBTEC Business Level 2 Intro
Total questions: 8
Worksheet time: 4mins
Define product
To develop over time
mutliply
Intangible service
A commercially distributed good. Tangible good
Define Service
The money made after all costs have been paid for
The way to make a complaint if you are unhappy
A tangible good you can pick up and take away
An intangible service you pay for such as a hair dresser
Define Finance
The money within a business used to purchase materials, machinery, and other costs
The staff within a business
The research and development a business does to make new products
An advertisement
Define Resources
The places you find information
The inputs that are needed to produce goods and service e.g staff, materials, machinery
The way to business success
Different types of sauce that you can put on your chips
Competitors
Using social media to advertise products
A type of loan provided by the government
a rival business whose activities have the potential to reduce another business’s share of the market
Businesses that do not sell the same types of good and services
Define Location
When the business has spent more money that it has earned in revenues
a place or structure occupied by a firm to run its operations
The company website
How goods are delivered to the end customers
Define target audience
Tax paid to the government
The set of accounts produced by a business at the end of a financial year
The way a business reduces costs by making continual improvements
the demographic of consumers who are most likely to buy or be interested in your products or service
Define Entrepreneur
the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits
An employee of a business
The way a business differentiates itself from others
A measure of succcess of a business
