The goals of a business. These may be financial or non-financial are known as _________.

The number of products a business must sell so that its total revenue is the same as its total costs. At this point the business will make no profit or loss. This is called _________.

A plan for the development of a business, giving details such as the products to be made, resources needed, and financial forecasts is called a _________?

A measure which could be sales, market share or profit related is called _________.

The flow of money into and out of a business over a period of time is called _________.

Money coming into the business. E.g. Revenue, a loan or another source of finance is called _________.

Money leaving the business. E.g. Wages, suppliers, loan repayments or advertising is called _________.

A range of products aimed at differing needs and segments is called _________.

The amount of money left at the end of the current time period is called _________.

When companies produce comparable products or services within the same market, this is called _________.

The advantage one company has over another, or several others is called _________.

A market which has many competitors is called a _________

The person who uses the product is called a _________.

The amount a person or household has to spend, after paying tax is called _________.

What the consumer is entitled to by law is called _________.

Where a large number of individuals invest into a business project on internet sites such as Kickstarter is called _________.

The person who buys the product is called a _________.

What the customer wants, these can change over time. E.g. Price, quality, choice or convenience are called _________.

Having a clear understanding of customer expectations and delivering is called _________.

The characteristics of the population in terms of age and gender are called _________.

Communicating with customers electronically through things such as a website, social media and email is called _________.

Judging someone based on their age, gender, race, religion or disability is called _________.

Businesses responding to what consumers want are called _________.

The use of online systems to sell goods and services is called _________.

The broad performance of the UK economy, as measured by GDP growth is called _________.

The skills shown by an entrepreneur are called _________.

A person who organises resources, makes decisions and takes risks in business, in order to benefit from the potential future rewards is called an _________.

The price of one currency in terms of another. E.g. £1=$2 is called _________.

Goods or services that a firm produces in its home market, but sells in a foreign market are called _________.

Aims and objectives that relate to the money. E.g. Survival, profit, sales, market share are called _________.

Costs which do not change with output. E.g. Rent or salaries are called _________.

Where a number of customers are invited to attend a discussion about a product is called a _________.

A prediction of future finances. E.g. Sales, cash flow or profits is called a _________.

The right given by one business to another to sell goods or services using its name is called a _________?

A business that buys the rights to a franchise is called a _________

The person who now owns the rights to the franchise is called a _________

An area of the market, with no products currently being provided is called a _________

Fill in the blank: ________ are physical items a business sells. E.g. Bikes, laptops & pens.

Fill in the blank: ________ are goods and services that are bought into one country from another.

Fill in the blank: ________ is a general and persistent rise in prices which reduces purchasing power.

Fill in the blank: ________ is when a business can no longer afford to pay its debts.

Fill in the blank: ________ is the cost of borrowing and the reward of saving. Can be fixed or variable.

Fill in the blank: ________ are laws passed by Acts of Parliament.

Fill in the blank: ________ is where a business and its owners have separate legal identities, meaning shareholders can only lose the original amount they invested into a business.

Fill in the blank: ________ is where a business locates.

Fill in the blank: ________ is the amount of products a firm sells over and above the breakeven point.

Fill in the blank: ________ are the elements of marketing that are designed to meet the needs of the customer. The elements are product, price, place and promotion.

Fill in the blank: ________ is a method of evaluating business ideas by setting out the features of a market and plotting on current products being provided. Normally these are used to find a gap in the market.

Fill in the blank: ________ is collecting and analysing data from customers, competitors and the market in general.

Fill in the blank: ________ is an identifiable group of people with the similar characteristics. This could be split by location, demographics, lifestyle or income.

Fill in the blank: ________ is the difference between cash inflows and cash outflows over a period of time.

Fill in the blank: ________ are aims and objectives that relate to areas other than finance. E.g. Social objectives, personal satisfaction, challenge and control.

Fill in the blank: ________ is a product which is out of date and no longer used.

Fill in the blank: ________ is the amount of money the business has at the start of the current time period.

Fill in the blank: ________ is with agreement from your bank, taking more out of your account than you actually have, leaving a negative bank balance.

Fill in the blank: ________ is a business organisation that is usually owned by 2-20 people, who have unlimited liability.

Fill in the blank: ________ is the variety of ways in which customers can pay for a product. Includes contactless payments, apple & android pay, PayPal and more traditional methods.

Fill in the blank: ________ is how the product passes from the producer to the consumer.

Fill in the blank: ________ is a group with a common interest/goal who work collectively to further the cause.

Fill in the blank: ________ is the amount charged to the customer for the product.

Fill in the blank: ________ is research which is being collected for the first time.

Fill in the blank: ________ is an incorporated business, with Ltd after its name that can sell shares to family and friends. The shareholders have limited liability.

Fill in the blank: ________ is the good or service a business is selling.

Fill in the blank: ________ is the range of products a business sells.

Fill in the blank: ________ is the amount left from revenue after costs have been paid.

Fill in the blank: ________ is an attempt to obtain and retain customers by drawing their attention to a business or its products. E.g. Sales promotions, advertising and public relations.

Fill in the blank: ________ is data which is detailed and contains information about people's feelings and opinions.

Fill in the blank: ________ is data which is limited in detail, but can easily be put into graphs and charts for analysis.

Fill in the blank: ________ is the land, labour and capital used by entrepreneurs. E.g. Buildings, equipment & staff.

Fill in the blank: ________ is profit that is 'ploughed back' into the business.

Fill in the blank: ________ is the money made from selling a product.

Fill in the blank: ________ is the return for taking a risk and making it a success.

Fill in the blank: ________ is a situation or decision that has exposure business failure, financial loss or lack of security.

Fill in the blank: ________ is the collection of data that already exists but is then used for a business's own requirements.

Fill in the blank: ________ is when a person or business sells assets it owns, such as equipment or vehicles it no longer uses, in order to raise finance.

Fill in the blank: Non-physical items a business sells, such as hairdressing, public transport, and music streaming, are called _________.

Fill in the blank: A way of raising finance through sale of shares is called _________.

Fill in the blank: A person who owns a 'share' in a business is called a _________

Fill in the blank: A business with a single owner, who has unlimited liability, is called a _________?

Fill in the blank: Those with an interest in the activities of a business, such as shareholders, managers, customers, and the local community, are called _________.

Fill in the blank: When different stakeholder groups have different aims and objectives, which can be difficult for a business to satisfy at the same time, this is called _________.

Fill in the blank: The segments of the market you are aiming your product at are called the _________.

Fill in the blank: Charges from the government are called _________.

Fill in the blank: Hardware and software that businesses may use are referred to as _________.

Fill in the blank: A period of time given to a customer between receiving the goods and payment being due is called _________.

Fill in the blank: The number of people who are looking for work but unable to find any is called _________.

Fill in the blank: A characteristic of the product that makes it different from other similar products being sold in the market is called a _________.

Where a business and its owners are one and the same, meaning the owners are responsible for all business debts, this is called _________

Fill in the blank: A cost which rises as output rises, such as raw materials or packaging, is called a _________?

Fill in the blank: An experienced business person provides funds for small or medium sized companies that may be considered too risky for other investors, in return for equity. This is called _________