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WorksheetsTopic 1 AQA GCSE Business
Total questions: 25
Worksheet time: 13mins
A physical product is a
Service
Need
Want
Good
A product that you cannot touch is a
Good
Service
Want
Need
The person who buys the product is the
Owner
Supplier
Employee
Customer
A person who is willing to take risk in starting a new business
Customer
Shareholder
Enterprise
Entrepreneur
A business that is set up to help the community rather than to make profit
PLC
LTD
Not-for-Profit
Sole Trader
Match the following
A business that manufactures goods
Secondary Sector
A business that provides a service to the public
Tertiary Sector
A business that extracts raw materials
Primary Sector
How fast prices are rising across the country
Imports
Exports
Inflation
Customer
Revenue = (a) X (b)
(a) means that their personal belongings are at risk if the business goes bankrupt and fails.
2-20 people set up in a business together
Sole Trader
Partnership
Private Limited Company
Public Limited Company
The amount of money a business has made after all costs and bills have been paid.
Variable Costs
Revenue
Profits
Sales
A business that legally is seen as separate from the owners.
Sole Trader
Customer
Partnership
Private Limited Company
Public Limited Company
Where a PLC buys and sells their shares.
Tariff
Stock Exchange
Market
Objective
When an Ltd becomes a PLC
Merger
Flotation
Aim
Stock Exchange
A general goal of a business is an (a) and a specific target for the business to achieve is an (b)
The share of profits paid out to shareholders each year
Dividends
Share
Loss
Profits
Anyone that has an interest in the business
Stakeholder
Owner
Bank
Customer
When two sides discuss what they want, to reach an agreement
Communication
Negotiation
Dissolvement
Argument
Where a business sets up
Risk
Share
Stock Exchange
Location
Goods and services bought from overseas are called (a)
Goods and services sold overseas
Exports
Imports
The possibility that something goes wrong
Loss
Profit
Risk
Inflation
Match the following
Costs that change when output changes
Variable Costs
The money made from selling the goods or services
Revenue/Turnover
Costs that DONT change when output changes
Fixed Costs
The amount a business spends overall
Total Costs
A ____________ ______ is a document that sets out what the business does and what it wants to achieve in the future.
(a)
Revenue - Total Costs =
(a)
