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BTEC Business Exploring Test Questions And Verified Answers 2024.

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Course Btec Business
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EconomyAnswer - The state of a country of goods and services. PartnershipAnswer - Comprising two or more people who set up in business together and share all profits and losses. LiabilityAnswer - An obligation of a company, or amounts owed to leaders and suppliers. FTSEAnswer - The financial times stock exchange RevenueAnswer - The income received by a business for selling its products and services. Market forcesAnswer - Factors created by the economy for the demand and availability of products and services which influences cost. Stakeholder feedbackAnswer - Surveying stakeholders for ideas, compliments, suggestion and complaints. RegulatorAnswer - External body acting as supervisor to ensure business comply with relevant legislation. Shareholder valueAnswer - The benefits received by shareholders relative to the number of shares they hold in a business. Customer retentionAnswer - Customers who remain loyal to specific brands and businesses.

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