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Eduqas/WJEC GCSE Business Official Definitions Part 1

Flashcard
•
Business
•
9th Grade
•
Hard

O M
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72 questions
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1.
FLASHCARD QUESTION
Front
Back
are the various places where advertisements may be found such as television, newspapers or the internet.
2.
FLASHCARD QUESTION
Front
A (Business) Aim
Back
is the long term objective of the business. Its aim might be to have the largest market share in its sector.
3.
FLASHCARD QUESTION
Front
Average rate of return (ARR)
Back
4.
FLASHCARD QUESTION
Front
Backward vertical integration
Back
occurs when the suppliers of a business are taken over by that business.
5.
FLASHCARD QUESTION
Front
Bank loans
Back
are long to medium term loans that can be used to buy producer goods. The goods become the property of the business immediately but failure to repay the loan to the bank could lead to the business being closed down.
6.
FLASHCARD QUESTION
Front
Batch production
Back
is found when a small number of identical products are made at once. Batches can be made as often as required.
7.
FLASHCARD QUESTION
Front
Blogs
Back
provide information and allow discussion on the internet with other users producing their own entries or posts.
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