BTEC Business Unit 1 - Exploring
Business Key Terms comprehensive
Questions and Answers with Verified
Solutions
Question 1:
Economy
Answer:
The state of a country of goods and services.
Question 2:
Partnership
Answer:
Comprising two or more people who set up in business together and
share all profits and losses.
Question 3:
Liability
Answer:
An obligation of a company, or amounts owed to leaders and suppliers.
Question 4:
FTSE
Answer:
The financial times stock exchange
, Question 5:
Revenue
Answer:
The income received by a business for selling its products and services.
Question 6:
Market forces
Answer:
Factors created by the economy for the demand and availability of
products and services which influences cost.
Question 7:
Stakeholder feedback Surveying stakeholders for ideas, compliments,
suggestion and complaints.
Answer:
Question 8:
Regulator
Answer:
External body acting as supervisor to ensure business comply with
relevant legislation.
Question 9:
Shareholder value
Answer:
The benefits received by shareholders relative to the number of shares
they hold in a business.
Business Key Terms comprehensive
Questions and Answers with Verified
Solutions
Question 1:
Economy
Answer:
The state of a country of goods and services.
Question 2:
Partnership
Answer:
Comprising two or more people who set up in business together and
share all profits and losses.
Question 3:
Liability
Answer:
An obligation of a company, or amounts owed to leaders and suppliers.
Question 4:
FTSE
Answer:
The financial times stock exchange
, Question 5:
Revenue
Answer:
The income received by a business for selling its products and services.
Question 6:
Market forces
Answer:
Factors created by the economy for the demand and availability of
products and services which influences cost.
Question 7:
Stakeholder feedback Surveying stakeholders for ideas, compliments,
suggestion and complaints.
Answer:
Question 8:
Regulator
Answer:
External body acting as supervisor to ensure business comply with
relevant legislation.
Question 9:
Shareholder value
Answer:
The benefits received by shareholders relative to the number of shares
they hold in a business.
