Business Structures
Business owned by one person
Sole Trader
Fishing is in which sector?
Primary
The Best Subject?
Business Studies
What is the process of gathering information about the customers wants, competitors, market conditions called?
Market Research
A prediction of future inflows and outflows is a ...
Cash Flow Forecast
What is it called when two businesses pool resources and work together on one project?
Joint Venture
An example of a country where the Public Sector is very large?
Cuba, Vietnam, China, USSR, Venezuela
Spell the word....
ENTREPRENEURSHIP
Splitting up a market into different subcategories is...
Market Segmentation
A long-term loan from a bank for the purchase of land
Mortgage
Maximum partners in a partnership
20
An employee within a business who is given the chance to create a project, take risks and be innovative
Formula for Current ratio
Currenta assets/ Current liabilities
Starting with a low price, before increasing it is.
Penetration Pricing
PLC
Ltd stands for
Targets in terms of Finance, Society and Environment are known as
Triple Bottom Line or Corporate Social Responsibility
Producing in large quantities leading to a reduction in average costs is known as....
Economies of Scale
The climate would affect the ...... of rice?:
Supply
sales revenue - cost of goods sold
Gross profit
Who can buy shares in a PLC?
The Public
3 advantages of small businesses for an economy
Creates jobs, inflow of foreign capital, tax revenue, etc
Primary market research is also called
Field research
This may attract more customers, but this could take a long time and requires investment
Developing new products
Price = $50
VC = $20 per unit
FC = $1200What is the BEP?
40