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Business Key Terms Igcse

These assessment objectives are the key aspects that will be assessed during the examinations. The legal right to use the name and logo of an existing firm and sell the same productsservices.


Igcse Business Studies Key Terms Unit 1 6 Teaching Resources

Profit made by a business after all the costs have been deducted form sales revenue.

Business key terms igcse. Franchisee A business that pays a Franchise Fee to another company to use their brand name. Internal growth occurs when a business expands its existing operations. An active that requires the organisation of resources to achieve a reward whilst running a risk.

EG Unilever Ukdutch Subsidiary company. Entension Strategies EG new model for. Franchiser- the person selling it for example Macdonalds.

Remember knowledge is just one component of your final IGCSE grade for further support check out IGCSE Exam Technique and IGCSE Past Paper Solutions. From aesthetics to wants this PDF download has all the key terms - each with a concise definition. I use these in my lessons for the pupils to refer back to each lesson.

Income to a business during a period of time from the sale of goods and services. Our customer service team will review your report and will be in touch. Customer Any person or organisation which buys or is supplied with a product or service by a business.

Memorise and understand if youre new to the subject. Theme 2 Building a Business 1. Profit and Loss Account.

An individual with an idea for a business. Added value The difference between the cost of the materials taken to make a product and the price that is charged for the product. Tutopiya IGCSE Business Studies Comprehensive Free Notes and Tips 2019 are documented under the subheadings of the TWO papers that all candidates take.

Money that the business has in cash or at the bank. It appoints franchisees to sell the product. Business plans are based on forecasts and so cover only a short time.

Aims and objectives The goals of a business. Boston House 214 High Street Boston Spa West Yorkshire LS23 6AD Tel. Edexcel GCSE Business 91 Key terms.

IGCSE BUSINESS STUDIES KEY TERMS UNIT 1 - 6. External growth is when a business takes over or merges with another business. A detailed statement of how the business intends to operate either at start-up or during a given period of time.

Edexcel GCSE Business 91 Key Terms. Introduction to Small Business Topic 11. Report this resourceto let us know if it violates our terms and conditions.

44 0844 800 0085 Fax. Customer Any person or organisation which buys or is supplied with a product or by a business. Consumer The person who ultimately uses or consumes a product.

The file includes terms and definition on all the key words highlighted in IGCSE business studies text book level 3. Franchiser A business with a product or service that it does not want to sell to consumers directly. Key Terms for Unit 1 Unit 1.

Aesthetics How well the product appeals to the senses. Spotting a Business Opportunity 111 Businesses Supplier A business which sells or supplies products to another business. A merger is when the owners of two businesses agree to join their firms together to make one businesses.

Integration is when one firm is integrated into another one. Shows the net profit and retained profit of a business. A check on the financial status of a business or individual to ensure that the business or the individual has a reliable credit history and does not have any existing outstanding debts Security When the lenders asks the borrow to put up an asset such as a house or a valuable item owned by the business.

It is easy to read. Start studying Business GCSE Key Terms. A business which operates in atleast 2 countries usually both selling products and producing them in these countries.

Learn vocabulary terms and more with flashcards games and other study tools. GCSE Business Studies Unit 1 Keywords and Definitions Unit 11 Spotting a Business Opportunity Supplier A business which sells or supplies products to another business. Theme 1 Investigating small business 1.

A company owned by another company ratehr than individual shareholders or owners. Joint Venture When two or more companies work together on a business project. Advertising Communication between a business and its customers where images are placed in the media to encourage the purchase of products.

Business key terms. The new GCSE specifications are renowned for being knowledge-rich and the Edexcel GCSE 9-1 Business specification is no exception. Made when sales revenue is greater than the cost of goods sold.

These are all of the key words from each unit from the OCR GCSE specification for business straight from their text book. Download this free tutor2u. During the exam period in revision sessions I cut them up and get pupils to match the key words to their definitions.

The IGCSE Business Studies curriculum has been created with certain assessment objectives in mind. Edexcel GCSE Business Studies. Download the glossary using the link below and start learning those key terms.

All chapter from 1 to 6.


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