WorksheetsBusiness Studies (Single count)
Total questions: 15
Worksheet time: 8mins
Define product:
A place where buyers and sellers interact.
The financial gain after costs has been deducted.
A good or service offered by a business.
Define customer:
An individual who consumes goods and services.
An individual who buys goods and services.
A person who starts and runs a business.
Define price:
The amount a customer pays for a product.
Income generated from business activities.
The financial gain after costs have been deducted.
Define market research:
Dividing a market into parts.
Gather customer and market information.
Creating an identity for a product.
Define entrepreneur:
The employees of an organization.
A structured group of people working together.
A person who starts and runs a business.
Define profit:
The financial gain after costs are deducted.
The amount customers pays for a product.
Income generated from business activities.
Define market segments:
Focus on specific customers.
Dividing a market into parts.
Making customers aware of a product.
Define promotion:
Decide what to charge.
Making customers aware of a product.
Decide where to sell.
Define revenue:
Income generated from business activities.
The amount a customer pays for a product.
The financial gain after costs are deducted.
Define target market:
Decide what to charge.
Gather customer and market information.
Focus on specific customers.
Define brand:
Making customers aware of a product.
Creating an identity for a product.
Focus on specific customers.
Define place:
Deciding where to sell.
Deciding when to sell.
Deciding who to sell too.
Define staff:
Define market:
Define organisation:
