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business
business
business
business
Business
100
The organised effort of individuals to produce and sell, for a profit, the products that satisfy individuals needs and wants.
What is a business
100
– Refers to those activities undertaken by the business that combine the resources to create products that satisfy customer’s needs and wants.
What is production
100
– Part of a business’s profit that is divided among shareholders.
What is a dividend
100
– A fixed amount of money paid on a regular basis, usually fortnightly or monthly, to a permanent employee of a business.
What is a salary
100
The act of selecting among alternatives.
What is choice
200
An improvement on something already established.
What is innovation
200
A good or service that can be bought or sold.
What is a product
200
Money received by a person for providing his or her labour, or a business from a return on its investments.
What is income
200
Refers to the possibility of loss.
What is risk
200
– The development of something new.
What is an invention
300
The money a business receives as payment for its products
What is revenue
300
– Money received by workers, usually on a weekly basis, for services they provide to an employer.
What are wages
300
Items that can be seen and touched.
What is a goods
300
All the costs of running the business except the cost of goods sold.
What is operating expenses
300
– A set of activities undertaken to improve existing products, create new products and improve production.
What is research and developement
400
– Someone who starts, operates and assumes the risk of a business venture in the hope of making a profit.
What is an entrepreneur
400
refers to the business’s share of the total industry sales for a particular product.
What is market share
400
– People who are part owners of a company because they own a number of shares.
What are shareholders
400
Things done for you by others.
What is a service
400
A company that has branches in many different countries.
What is a Transnational (Multinational) Corporation (TNC)
500
The presence of a business and the range of its products across a suburb, city, state, or country or the globe.
What is gepgraphical spread
500
A business that employs fewer than five people (including the owner).
What is a micro business
500
What remains after all business expenses have been deducted from sales revenue
What is profit
500
Refers to the overall wellbeing of an individual, and is a combination of both material and non-material benefits.
What is quality of life
500
– A product that is ready for customers to buy and use.
What is a finished product