1
Q
Inflation
A
Sustained rise in the general price level of goods and services in an economy that indicates the cost of living
2
Q
Exchange Rates
A
Price of one currency in exchange for another
3
Q
Interest Rates
A
The cost of borrowing
4
Q
Business Cycle
A
Measurement of the fluctuations in GDP of an economy
5
Q
Monopoly
A
Business that has 25% or more of the industry’s sales
6
Q
Oligopoly
A
A market dominated by a few producers each having a degree of control over the market
7
Q
Legislation
A
Laws passed by the government that can affect a business
Edexcel A Level Business Keywords
flashcards
Decks in class (21)
# Cards
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Theme 327
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1.1 Meeting Customer Needs15
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1.2 The Market12
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1.3 Marketing Risk and Strategy16
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1.4 Managing people16
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1.5 Entrepreneurs and Leaders10
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2.1 Raising Finance13
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2.2 Financial Planning21
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2.3 Managing Finance10
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2.4 Resource Management21
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2.5 External Influences7
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3.1 Business Objectives and Strategy0
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3.2 Business Growth0
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3.3 Decision Making Techniques0
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3.4 Influences on Business Decisions0
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3.5 Assessing Competitiveness0
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3.6 Managing Change0
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4.1 Globalisation23
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4.2 Global Markets and Business Expansion5
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4.3 Global Marketing3
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4.4 Global Industries and Companies (MNCs)2
