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Unit 1: Business activity
Unit 1.1: The purpose and nature of business activity Free
This page contains notes and lesson activities to cover unit 1.1, the purpose and nature of business activity and includes activities on the concept of added value and how this can be increased. The key...
Unit 1: Business activity
Unit 1.1: Scarcity and opportunity cost Free
This page contains notes and lesson activities to cover unit 1.1, the concepts of wants, needs, scarcity and opportunity cost plus the importance of specialisation. Lesson time: 60 minutes Lesson objectives:...
Unit 3: Marketing
Unit 3.3: Place revision questions
Q1 Fill in the gaps In the marketing mix, “place” refers to how a product gets from the ___________________to the customer. This is known as the channel of ____________________. A product may pass through...
Unit 6: External factors
Unit 6.2 Short answer questions on the environment
Q1 Fill in the gaps Profit is often a key objective that businesses set however, firms may also consider the __________________ when making ___________________. A business may take into account environmental...
Unit 6: External factors
Unit 6.3: Short answer questions on globalisation
Q1 Globalisation: Fill in the gaps A key feature of ______________________is when more and more goods and services are bought and sold internationally. It offers UK businesses the opportunity to...
Unit 6: External factors
Unit 6.2: Short answer questions on ethics
Q1 Fill in the gaps Ethics is about what is __________________ right and _________________. When businesses act in a way that _____________________ consider fair and honest, they are said to be displaying...
Unit 6: External factors
Unit 6.1 The economic climate of business
Fill in the gaps The economic _______________ affects both business and consumer behaviour. For example the rate of ______________, which is the cost of ________________ money or the return for _____________...
Unit 5: Financial information
Unit 5.5: Short answer questions on analysis of financial documents
Q1 Fill in the gaps The ____________________ performance of a business can be assessed by calculating ___________ such as the gross and __________ profit ________________. Both of these ratios are expressed...
Unit 5: Financial information
Unit 5.4: Revision questions financial statements
Q1 Fill in the gaps The _____________________ of _______________________ _________________ lists the value of everything the business owns (______________) and owes (___________________). It shows what...
Unit 5: Financial information
Unit 5.3: Revision questions on income statements
Q1 Fill in the gaps Businesses keep financial records in order to keep track of their financial position, such as to see whether they have made a profit or ______________ over a specific period of time. ...