Study sets matching "business unit 1"

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Study sets matching "business unit 1"

24 terms
Business - Unit 1 Topic 3
Financial Objective
Non-Financial Objectives
Revenue
Sales Volume
Objectives relating to money terms such as making a profit or…
Objectives relating to personal goals such as being your own…
The income from selling goods or services
The number of items being sold over a period of time
Financial Objective
Objectives relating to money terms such as making a profit or…
Non-Financial Objectives
Objectives relating to personal goals such as being your own…
20 terms
Business IGCSE - Unit 1 - Business Activities - Key Terms
Needs
Wants
Adding value (value added)
Stakeholder
Basic requirements for human survival.
People's desires for goods and services.
The difference between the selling price of a product or serv…
Groups in society who have a direct interest in the performan…
Needs
Basic requirements for human survival.
Wants
People's desires for goods and services.
10 terms
Business Vocabulary Unit 1
Business (Modern Definition) (n)
Production (n)
Distribution (n)
Goods (n)
Business is the production, distribution, and sale of goods a…
the creation of services or the changing of materials into pr…
The movement of products from the factory to the market place.
products that people either need or want
Business (Modern Definition) (n)
Business is the production, distribution, and sale of goods a…
Production (n)
the creation of services or the changing of materials into pr…
85 terms
Principles of Business Unit 1
wants
needs
competition
goods
things we wish we could have that usually add to the comforts…
things required for survival; food, clothing, shelter
the battle between businesses for consumers that purchase sim…
a product that can be physically weighed and measured; tangible
wants
things we wish we could have that usually add to the comforts…
needs
things required for survival; food, clothing, shelter
UNIT 1 - Business
acknowledge
address
advance
aspect
(v.) Accept or admit the existence or truth of.
(v.) Think about and begin to deal with (an issue or problem).
(v.) Move forward in a purposeful way.
(n.) A particular part or feature of something.
acknowledge
(v.) Accept or admit the existence or truth of.
address
(v.) Think about and begin to deal with (an issue or problem).
35 terms
IGCSE Business - Unit 1 - Understanding Business Activity
need
want
economic problem
factors of production
A ... is a good or service essential for living.
A ... is a good or service which people would like to have, b…
The ... results from there being unlimited wants but limited…
... are those resources needed to produce goods or services.…
need
A ... is a good or service essential for living.
want
A ... is a good or service which people would like to have, b…
106 terms
Business: Unit 1
What is a business?
What are the two classifications of a…
What is a for profit business?
What is a non profit business?
A group, company, or organization that creates income by sell…
For profit and non profit.
An organization that produces or sells goods or services to s…
An organization that has a purpose other than profit and it m…
What is a business?
A group, company, or organization that creates income by sell…
What are the two classifications of a…
For profit and non profit.
14 terms
Business IGCSE - Unit 1 - Business Activity - Government Influences Key Terms
Economic growth
Boom
Recession
Slump
When a country's income increases - more goods and services a…
A phase in the Economic Cycle, when GDP increases rapidly. In…
A decline in a country's GDP which results in falling demand…
A lowest point in the Economic Cycle, unemployment will be ve…
Economic growth
When a country's income increases - more goods and services a…
Boom
A phase in the Economic Cycle, when GDP increases rapidly. In…
76 terms
Business Result Advanced Unit 1
build relationships
keep your eyes open
process information
read a situation
kapcsolatokat építeni
nyitott szemmel járni
feldolgozni az információt
érteni a helyzetet
build relationships
kapcsolatokat építeni
keep your eyes open
nyitott szemmel járni
132 terms
Unit 1 - GCSE Edexcel Business
Supplier
Customer
Consumer
Customer Needs
A business which sells (or supplies) products to another busi…
Any person or organisation which buys or is supplied with a p…
The person who ultimately uses (or consumes) a product.
The wants and desires of buyers of a product or the customers…
Supplier
A business which sells (or supplies) products to another busi…
Customer
Any person or organisation which buys or is supplied with a p…
27 terms
Unit 1 Business
Profit
Revenue
Expenses
Costs
to earn money above and beyond the costs of doing business
(price of product x quantity sold)... the price charged to custo…
The dollar amount of resources a business used to earn revenue.
An amount that must be paid or spent to buy or obtain somethi…
Profit
to earn money above and beyond the costs of doing business
Revenue
(price of product x quantity sold)... the price charged to custo…
Introduction to Business Unit 1
Capitalism
Competition
Custom-Based Economy
Profit Motive
The mixed economy of the United States
Rivalry between businesses that provide similar goods and ser…
A traditional economy found in third world countries that foc…
The desire to work hard and earn more money that is a charact…
Capitalism
The mixed economy of the United States
Competition
Rivalry between businesses that provide similar goods and ser…
Intro to Business Vocab (Unit 1)
Needs
Wants
Goods
Services
Things that are required for living (ex. food, water, clean a…
Things we desire or wish for. Add comfort and pleasure to our…
Things you can see and touch (car, cell phone, food, computer…
Wants that are satisfied through the efforts of other people…
Needs
Things that are required for living (ex. food, water, clean a…
Wants
Things we desire or wish for. Add comfort and pleasure to our…
5 terms
Business Fundamentals Unit 1
DECA
FBLA
Green business practice
3 R's of green business practice
A marketing-oriented club with contests emphasizing sales, cu…
A business-oriented club dealing more with math, accounting,…
Adopting environmentally friendly and energy efficient busine…
Reduce, reuse, recycle
DECA
A marketing-oriented club with contests emphasizing sales, cu…
FBLA
A business-oriented club dealing more with math, accounting,…
47 terms
Business Management Unit 1
Social responsible management
Stakeholders
Demand
Innovation
Managing an organisation in such a way that the broader socia…
Individuals or groups with an interest in the success of the…
The quantity of a product that consumers are prepared to purc…
Either creating a new product, service or process, or signifi…
Social responsible management
Managing an organisation in such a way that the broader socia…
Stakeholders
Individuals or groups with an interest in the success of the…
Business Studies Unit 1
Goods
Service
Market Research
A Market Segment?
Physical items (Tangible) like a can of beans or a games co…
Non-physical products (Intangible) like a hair cut or a bus…
Research that helps you understand the market you want to rea…
Part of the market that contains people with *similar buying…
Goods
Physical items (Tangible) like a can of beans or a games co…
Service
Non-physical products (Intangible) like a hair cut or a bus…
75 terms
Unit 1 - Understanding business activity
need
want
economic problem
factors of production
A ... is a good or service essential for living.
A ... is a good or service which people would like to have, b…
The ... results from there being unlimited wants but limited…
... are those resources needed to produce goods or services.…
need
A ... is a good or service essential for living.
want
A ... is a good or service which people would like to have, b…
Unit 1- People in Business
Recruitment
Full Time Employment
Part Time Employment
Temporary Employment
The process of finding and appointing new employees.
Works for a 'standard' length week e.g. 38 hours each week.
Works less than a 'standard' week, e.g. 22 hours each week.
Works full or part time for a limited period e.g. 2 months.
Recruitment
The process of finding and appointing new employees.
Full Time Employment
Works for a 'standard' length week e.g. 38 hours each week.
Global Business - Unit 1
Culture
Domestic Business
Exports
Global Dependency
The accepted behaviors, customs, and values of a society
Making, buying, and selling goods and services within a count…
Products sold in other countries.
People need and want goods and services that are produced in…
Culture
The accepted behaviors, customs, and values of a society
Domestic Business
Making, buying, and selling goods and services within a count…
Unit 1: The Business Environment
Economic
Political
Legal
Social / Cultural influences
Economic conditions indicated by measures such as employment…
The influence of political party policies on business opportu…
Legal controls and restrictions that protect both businesses…
Fashion, environmental concerns for the future, the push for…
Economic
Economic conditions indicated by measures such as employment…
Political
The influence of political party policies on business opportu…
24 terms
Business Unit 1
Organisation
Business
Aims
Resources
A grouping involving people and resources in the making of an…
Someone's profession or trade with a few people working toget…
The goals set on how the business will produce its goods or s…
The land and buildings the business owns, the people who work…
Organisation
A grouping involving people and resources in the making of an…
Business
Someone's profession or trade with a few people working toget…
165 terms
Business Success Unit 1
accommodation (n)
advert / advertisement (n)
advise sb (v) on sth
allocate (v)
Unterkunft
Anzeige, Inserat
jmdn. über etw. beraten
zuteilen, zuweisen
accommodation (n)
Unterkunft
advert / advertisement (n)
Anzeige, Inserat
29 terms
Unit 1: International Business
Why do companies expand internationally
Methods of achieving a global presence
International company
Global company
-Expand markets and increase sales... -Control expenses (fall in…
-Licensing agreement ... -Franchise... -Establishing a subsidiary... -…
Operates within borders of its country of origin but also may…
A global company is based in one country from where it establ…
Why do companies expand internationally
-Expand markets and increase sales... -Control expenses (fall in…
Methods of achieving a global presence
-Licensing agreement ... -Franchise... -Establishing a subsidiary... -…
26 terms
BUSINESS UNIT 1 INTRODUCTION
Daily grind
Make up
Waste of time
Waste of money
Routine
Invent
Daily grind
Routine
Make up
Invent
business terms unit 1
Business
Entrepreneur
Social Enterprise
Gap in the market
an activity that requires the organization of resources to ac…
an individual with an idea for a business
an activity that achieves a reward for society.
a business opportunity that is either a completely new idea o…
Business
an activity that requires the organization of resources to ac…
Entrepreneur
an individual with an idea for a business
35 terms
Business - UNIT 1
calculating profit
calculating revenue
1 financial aim and non-financial aim…
calculated risk
revenue-cost
price x quantity
1. to make a high profit... 1. to have a good reputation
taking a calculated risk means taking a risk but you generall…
calculating profit
revenue-cost
calculating revenue
price x quantity
10 terms
Unit1 Business activity
A need
A want
Economic problem
Scarcity
A good or service essential for living
A good or service that people would like to have, but which i…
Unlimited wants but limited resources - this creates scarcity.
Lack of sufficient products to satisfy total wants of populat…
A need
A good or service essential for living
A want
A good or service that people would like to have, but which i…
59 terms
Chinese Business Unit 1
厂... (chǎng)
厂长... (chǎngzhǎng)
顺利... (shùnlì)
介绍... (jièshào)
factory... (N)
factory director... (N)
smooth, without a hitch... (Adj)
to introduce... (V)
厂... (chǎng)
factory... (N)
厂长... (chǎngzhǎng)
factory director... (N)
18 terms
Unit 1.1: Introduction to business management
consumer goods
durable
non-durable
capital goods
type of items which are physical. tangible, and sold to the g…
consumer goods that last multiple uses such as cars, washing…
consumer goods that have a short shelf life and are generally…
type of physical items that are used by businesses to aid in…
consumer goods
type of items which are physical. tangible, and sold to the g…
durable
consumer goods that last multiple uses such as cars, washing…
Business Benchmark Preliminary Unit 1
to entail
My job entails
to oversee
to liaise
подразумевать, включать в себя, повлечь за собой
моя работа включает в себя
контролировать, курировать
поддерживать взаимодействие, налаживать связь
to entail
подразумевать, включать в себя, повлечь за собой
My job entails
моя работа включает в себя
63 terms
Unit 1 Business Key Terms
PRIVATE SECTOR:
PUBLIC SECTOR:
MARKET OPPURTUNITY:
LIMITED LIABILITY:
owned and controlled by private individuals
operate under the ownership and control of the government
the identification of new or unsatisfied consumer needs
when one can't lose more than they invested into the business
PRIVATE SECTOR:
owned and controlled by private individuals
PUBLIC SECTOR:
operate under the ownership and control of the government
23 terms
Unit 1- Starting A Business
Entrepreneur
Social Enterprise
Primary Sector
Secondary Sector
Someone willing to take the risks involved in starting a busi…
A business set up to help society rather than to make a profit.
Businesses at the first stage of production involved in extra…
Businesses at the second stage of production involved in usin…
Entrepreneur
Someone willing to take the risks involved in starting a busi…
Social Enterprise
A business set up to help society rather than to make a profit.
Unit 1: People in Business
Recruitment
Full Time Employment
Part Time Employment
Temporary Employment
The process of finding and appointing new employees.
Works for a 'standard' length week e.g. 38 hours each week.
Works less than a 'standard' week, e.g. 22 hours each week.
Works full or part time for a limited period e.g. 2 months.
Recruitment
The process of finding and appointing new employees.
Full Time Employment
Works for a 'standard' length week e.g. 38 hours each week.
14 terms
BISU Business Management DP Unit 1.6
Growth
Economies of Scale
Merger
Franchising
Increase in size
Factors that cause a producer's average cost per unit to fall…
when two or more companies join to form a single firm who hav…
Right to use firm's business model for a certain period of time
Growth
Increase in size
Economies of Scale
Factors that cause a producer's average cost per unit to fall…
Business Unit 1 Vocabulary
Consumer goods
Consumer services
Capital goods
Primary sector business activity
The physical and tangible goods sold to the general public.
non-tangible products that are sold to the general public and…
Physical goods that are used by the industry to aid in the pr…
Industries that extract natural resources so that they can be…
Consumer goods
The physical and tangible goods sold to the general public.
Consumer services
non-tangible products that are sold to the general public and…
35 terms
Unit 1: People in Business
Employer
Employee
Manager
Producer
A person who hires others to work for them.
A person who works for a wage Carries out tasks an employer c…
Runs the business and make sure that it reaches its goals and…
Takes raw material and capital to make a finished product.
Employer
A person who hires others to work for them.
Employee
A person who works for a wage Carries out tasks an employer c…
Unit 1 Business
career
plan
success
skill
a job you learn to do and then do for many years
to decide what you are going to do and how
getting what you want, doing well
something you do well
career
a job you learn to do and then do for many years
plan
to decide what you are going to do and how
76 terms
IB Business & Management Unit 1 - Business Organisation and Environment
Business Plan
Businesses
Consumers
Customers
Refers to the document that sets out the business idea, its g…
Are organisations involved in the production of goods and/or…
Are the people or organisation who actually use a product.
Are people or organisations that buy the product.
Business Plan
Refers to the document that sets out the business idea, its g…
Businesses
Are organisations involved in the production of goods and/or…
11 terms
Business Result Int Unit 1 Vocabulary
fun
challenging
depressing
glamorous
amusing or enjoyable
difficult in a way that is interesting or satisfying
makes us feel unhappy
looks attractive and exciting from the outside, and different…
fun
amusing or enjoyable
challenging
difficult in a way that is interesting or satisfying
Principles of Business Unit 1
wants
needs
competition
goods
things we wish we could have that usually add to the comforts…
things required for survival; food, clothing, shelter
the battle between businesses for consumers that purchase sim…
a product that can be physically weighed and measured; tangible
wants
things we wish we could have that usually add to the comforts…
needs
things required for survival; food, clothing, shelter
Business Result - Adv - Key Exp - Unit 1
I get the impression that ...
From what I could see ...
Apparently, it seems that ...
According to ...
I get the i_______ that ...
From w______ I c_____ see ...
Ap_________, it seems that ...
Acc______ to ...
I get the impression that ...
I get the i_______ that ...
From what I could see ...
From w______ I c_____ see ...
20 terms
BEC preliminary Business Benchmark Unit 1
R & D manager
H R manager
Purchasing manager
Financial manager
Finding and testing new products
recruitement and issues to do with staff welfare
To deal with suppliers and make sure to buy equipment and mat…
to do the bookkeeping and the payroll
R & D manager
Finding and testing new products
H R manager
recruitement and issues to do with staff welfare
Business unit 1
Consumer goods
Consumer service
Capital goods
Primary sector business activity
The physical and tangible goods sold to the general public
Non-tangible products that are sold to the general public
Physical goods that are used by industry to aid in the produc…
Firms engaged in farming, fishing, oil extraction and all oth…
Consumer goods
The physical and tangible goods sold to the general public
Consumer service
Non-tangible products that are sold to the general public
13 terms
Business Result unit 1
reputation
principles
professionalism
extravagance
What people generally think about a person or thing
Basic beliefs, rules, or laws
The skill, competence, or character expected of a member of a…
careless and lavish spending wastefulness
reputation
What people generally think about a person or thing
principles
Basic beliefs, rules, or laws
Business Terms Unit 1
Entrepreneur
Intrapreneur
Sole Trader
Partnership
an individual who demonstrates enterprise and initiative in o…
an individual employed by a large organization who demonstrat…
a person who owns and runs their own business and who has com…
a business owned and controlled by 2 or more people who share…
Entrepreneur
an individual who demonstrates enterprise and initiative in o…
Intrapreneur
an individual employed by a large organization who demonstrat…
Business Unit 1
Maslow's Hierarchy of Needs
Physiological
Safety and Security
Love and Belonging
A theory created by Abraham Maslow which set out the "Low Ord…
Basic human needs for survival such as food shelter, water, a…
The need for security and protection, which can manifest them…
The need for love and belonging. In order to avoid problems s…
Maslow's Hierarchy of Needs
A theory created by Abraham Maslow which set out the "Low Ord…
Physiological
Basic human needs for survival such as food shelter, water, a…
21 terms
Unit 1- Business
Wants
Needs
Private Wants
Public Needs
A desire to possess something. We do not have to have them to…
Necessity of being alive.
Wants that individuals and businesses seek to purchase. ... Don'…
Wants shared by many people and satisfied by governments. ... Ro…
Wants
A desire to possess something. We do not have to have them to…
Needs
Necessity of being alive.
16 terms
Business Unit 1 and 2
stock
dividend
share
shareholder
A share of ownership in a corporation.
Check paid to stockholders, usually quarterly, representing p…
A partial ownership of a corporation, represented by stock.
A person who owns stock in a corporation.
stock
A share of ownership in a corporation.
dividend
Check paid to stockholders, usually quarterly, representing p…
131 terms
Business unit 1
Supplier
Production
Customer
Consumer
A business that sells products to another business
Using raw materials, labour and machinery to make products
A person or organization that buys the product or service
The person that uses the product
Supplier
A business that sells products to another business
Production
Using raw materials, labour and machinery to make products
Global Business - Unit 1
Culture
Domestic Business
Exports
Global Dependency
The accepted behaviors, customs, and values of a society
Making, buying, and selling goods and services within a count…
Products sold in other countries.
People need and want goods and services that are produced in…
Culture
The accepted behaviors, customs, and values of a society
Domestic Business
Making, buying, and selling goods and services within a count…
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