Business Studies

when a business starts up what does it have to create.

• business plan

• website

• partnership

• merchandise

what are benefits of a sole trader

• lots of holiday time.

• unlimited liability.

• you get to keep all the profits.

• low start up costs

what does plc stand for

• public limited company

• private limited company.

• peoples lovely companies

• public liked company

what would a business look for when relocating.

• lots of KFC.

• good transport links.

• lots of good universities.

• town with not a lot of people.

people only start businesses for money

• true

• false

what is job prodcution.

• making lots of the same item.

• making a special item for a single customer.

• making in bulk.

• making the item when the order comes through.

what is batch production.

• making in bulk.

• making the item when the order comes through.

what is overdraft.

• drawing more money than the bank account owns.

• taking out a loan for a house.

• putting money into your bank account.

a high costumer spending is.....

• good for a business.

• bad for a business.

imports are cheaper when...

• the exchange rate is higher in your country.

• exchange rate is lower in your country

• exchange rate is higher in the country your importing from.