EDEXCEL A LEVEL BUSINESS (2026) –
SPECIFICATION 100% VERIFIED ANSWERS
GUARANTEED PASS
GRADED A+
QUESTIONS AND ANSWERS
GDP (Gross domestic product). ANSWER -The total value of goods and services
produced by a particular country, over a year.
Emerging Market. ANSWER -A country with rapid economic growth.
Multinational. ANSWER -A business with its head quarters in one country and based in
other countries.
Merger. ANSWER -Where two companies agree they should join together in to one
business.
Monetary policy. ANSWER -Policy that controls the interest rates.
Fiscal policy. ANSWER -Government policy that sets tax rates and government
spending.
Monopoly. ANSWER -Where one firm firm controls most or all of the market.
Outsourcing. ANSWER -When a firm has its activities carried out abroad.
, Opportunity cost. ANSWER -The idea that money or time spend doing something is
likely to mean missing out on doing something else.
Protectionism. ANSWER -When a country tries to protects its own companies by
making it harder for foreign companies to trade.
Specialisation. ANSWER -One country is better at producing a product or service.
Workers become experts at their given job.
Subsidy. ANSWER -Money paid by the government to certain industries to keep the
costs of production down.
Takeover. ANSWER -Where one firms buys 50% of the shares of another firm, giving
them the controlling interest.
Tariff. ANSWER -Tax paid on imported goods.
Trade barrier. ANSWER -Tariffs or quotas that make it more difficult for foreign goods to
enter a country.
Trading bloc. ANSWER -A group of countries that trade freely with each other.
Trade unions. ANSWER -Groups that act on behalf of employees in negotiations.
Inflation. ANSWER -
Exchange rate. ANSWER -
Interest rate. ANSWER -
Elasticity of demand. ANSWER -
SPECIFICATION 100% VERIFIED ANSWERS
GUARANTEED PASS
GRADED A+
QUESTIONS AND ANSWERS
GDP (Gross domestic product). ANSWER -The total value of goods and services
produced by a particular country, over a year.
Emerging Market. ANSWER -A country with rapid economic growth.
Multinational. ANSWER -A business with its head quarters in one country and based in
other countries.
Merger. ANSWER -Where two companies agree they should join together in to one
business.
Monetary policy. ANSWER -Policy that controls the interest rates.
Fiscal policy. ANSWER -Government policy that sets tax rates and government
spending.
Monopoly. ANSWER -Where one firm firm controls most or all of the market.
Outsourcing. ANSWER -When a firm has its activities carried out abroad.
, Opportunity cost. ANSWER -The idea that money or time spend doing something is
likely to mean missing out on doing something else.
Protectionism. ANSWER -When a country tries to protects its own companies by
making it harder for foreign companies to trade.
Specialisation. ANSWER -One country is better at producing a product or service.
Workers become experts at their given job.
Subsidy. ANSWER -Money paid by the government to certain industries to keep the
costs of production down.
Takeover. ANSWER -Where one firms buys 50% of the shares of another firm, giving
them the controlling interest.
Tariff. ANSWER -Tax paid on imported goods.
Trade barrier. ANSWER -Tariffs or quotas that make it more difficult for foreign goods to
enter a country.
Trading bloc. ANSWER -A group of countries that trade freely with each other.
Trade unions. ANSWER -Groups that act on behalf of employees in negotiations.
Inflation. ANSWER -
Exchange rate. ANSWER -
Interest rate. ANSWER -
Elasticity of demand. ANSWER -
