Unit 2 Definition
Examples
Equations
Unit 3 Definition
100

The legal right to use the name, logo, and trading systems of an existing successful business.

Franchise

100

What are Ben and Jerry's owners?

Franchiser

100

Revenue 

Quantity sold x Selling price = trading period

100

The total value of sales made during the trading period

Revenue

200

A business with mainly social objectives that re-invests most of its profits into benefiting society rather than maximising returns to owners

Social Enterprise

200

What is McDonalds an example of?

Franchise

200

Company X has a market capitalization of $800 million. If its stock price is $40 per share, how many shares outstanding does company X have?

20 Million Shares

200

The total value of all long - term finance invested in the business

Capital employed

300

A person or business that buys the right from the franchiser to operate the franchise.

Franchisee

300

What is it when a business reinvests its profits to benefit society, demonstrated through TOMS, a shoe company which donates a pair of shoes for every single pair that is purchased. 

Social Enterprise

300

Market Capitalisation

total number of shares issued x current share price = market capitalisation

300

The total value of a company's issued shares

Market Capitalisation

400

Two or more business agree to work closely together on a particular project and create a separate business division to do so.

Joint Venture

400

What is it when two business join together on a project demonstrated through HULU, owned by Disney, a subsidiary of the Walt Disney?

Joint Venture

400

A business generates $450,000 in revenue for the years. If its revenue from product A is $180,000, what percentage of the total revenue does product A represent?

40%

400

Sales of the business as a proportion of the total market sales

Market Share

500

A jointly owned business operated by members for their mutual benefit, to produce or distribute goods or services - as in consumers' cooperatives or farmers' cooperatives.

Cooperative

500

What is a an entrepreneur interested in owning and operating a business such as Mcdonalds while following all of its rules and regulations.

Franchisee

500

Market Share

(total sales of business รท total sales of industry) x 100 = Market Share

500

What terms have equations as part of them? 

Revenue

Market Capitalisation 

Market Share