GCSE Business 1.1 to 1.3

The desire for products or services that are not necessary = ???

• Consumer hunt

• Consumer need

• Consumer demand

• Consumer want

A product that is outdated and no longer in demand = ???

• Resource

• Obsolete

• Revolutionary

• Innovative

Every business decision has an element of ____

• segmentation

• security

• globalisation

• risk

A successful ____ must be willing to take risks

• employee

• stakeholder

• entrepreneur

• consumer

A major cause of business failure is ____

• a lack of cash flow

• excessive demand for their products/services

• an abundance of cash inflows

• having too many customers

Money being received into a business = ???

• Opening balance

• Cash inflow

• Closing balance

• Cash outflow

Money being paid out by a business = ???

• Cash inflow

• Net cash flow

• Cash outflow

• Opening balance

Last months closing balance becomes the next months ???

• opening balance

• net cash flow

• cash inflow

• cash outflow

Selling price is greater than the costs of making the product = ???

• Added demand

• Added value

• Added profit

• Added finance

Unique character, for instance in design or image. It is consistent and well recognised = ???

• Break even

• Human Resources

• Brand

• Unique selling point