Basic terminology Business owners Business operation Finances
100
Someone who buys goods and services
Consumer
100
A person who transforms ideas into a business
Entrepreneur
100
What are 'complimentary businesses'
Businesses that sell goods similar to another, like apple and android
100
what is profit
The money made in surplus of the operation costs
200
Someone who owns a portion of the company or business
Shareholder
200
A business owned by one person
Sole trader
200
Locations seen as 'high visibility'
Shopping centres and main roads
200
what is revenue
All the money made by a business
300
Money paid regularly to a shareholder by a company
Dividends
300
A business owned by anything between 2-400 (traditionally 2-20) people
Partnership
300
To what kind of business does visibility matter most
Retail and service providers
300
what is recession
A period of economic decline
400
Someone with an invested interest or who is affected by a company
Stakeholder
400
A business that is a different legal entity to its owner
​Incorporated business
400
What are 'support services'
Services that supplement a business' operations, like a computer parts store next to a tech accessories store
400
what is inflation (no, the kink is not a valid answer)
When the price of goods and services raises
500
What businesses do to decide which products to sell at what time
Forecasting
500
What word is used to refer to government owned businesses in place of 'business?
Enterprise
500
what is a 'flattened structure' in business
Less levels of management
500
How do businesses create wealth
By paying their employees who then buy things which in turn stimulates the economy






Business studies jeopardy

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