GCSE BUSINESS EXAM STUDY SHEET 2026
SOLVED QUESTION SET
◉Ethical businesses. Answer: Businesses that behave in a morally
correct way
◉Ethical marketing. Answer: Marketing activities that seek to give
customers information to make good choices for themselves
◉Ethics. Answer: About what is morally right or wrong
◉Expenditure. Answer: Money a business pays out
◉Expenses. Answer: The costs of operating a business e.g. wages,
advertising
◉Exports. Answer: A product sold from one country to another
◉Face to face selling. Answer: Direct contact between buyer and
seller, usually in a shop
, ◉Fairtrade. Answer: A movement that encourages businesses to pay
a fair price to suppliers in developing countries
◉Finance function. Answer: Also known as the finance department.
Only found in a larger business
◉Financial information. Answer: Details of profit, loss, cash flow,
break even, profit margin and average rate of return. Used to help
business decisions
◉Fit for purpose. Answer: Means goods must do what they are
meant to
◉Fixed costs. Answer: Costs that stay the same as output changes
e.g. rent
◉Flow Production. Answer: The same product is continuously
produced on a production line. (Also called Mass Production)
◉Free trade. Answer: Absence of restrictions on trade between
countries
◉Global warming. Answer: The rise in average temperatures that
scientists say is taking place
SOLVED QUESTION SET
◉Ethical businesses. Answer: Businesses that behave in a morally
correct way
◉Ethical marketing. Answer: Marketing activities that seek to give
customers information to make good choices for themselves
◉Ethics. Answer: About what is morally right or wrong
◉Expenditure. Answer: Money a business pays out
◉Expenses. Answer: The costs of operating a business e.g. wages,
advertising
◉Exports. Answer: A product sold from one country to another
◉Face to face selling. Answer: Direct contact between buyer and
seller, usually in a shop
, ◉Fairtrade. Answer: A movement that encourages businesses to pay
a fair price to suppliers in developing countries
◉Finance function. Answer: Also known as the finance department.
Only found in a larger business
◉Financial information. Answer: Details of profit, loss, cash flow,
break even, profit margin and average rate of return. Used to help
business decisions
◉Fit for purpose. Answer: Means goods must do what they are
meant to
◉Fixed costs. Answer: Costs that stay the same as output changes
e.g. rent
◉Flow Production. Answer: The same product is continuously
produced on a production line. (Also called Mass Production)
◉Free trade. Answer: Absence of restrictions on trade between
countries
◉Global warming. Answer: The rise in average temperatures that
scientists say is taking place
