1
Q
Business Activities
A
Actions undertaken by a business to produce goods or services
2
Q
Retail Customers
A
People who buy from retail
3
Q
Business Customers
A
Businesses buying from others
4
Q
Business Aims
A
Goals and objectives of a business
5
Q
Economies of Scale
A
When a business produces more goods, it can lower the cost of making each item
6
Q
Recession
A
A significant decline in economic activity
A-Level Business 101
flashcards
Decks in class (10)
# Cards
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Pre-release13
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Key words6
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LO1 - Understand different types of businesses and their objectives11
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LO2 - Understand how the functional areas of businesses work together to support the activities of businesses14
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LO3 - Understand the effect of different organisational structures on how businesses operate22
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LO4 - Be able to use financial information to check the financial health of businesses16
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LO5 - Understand the relationship between businesses and stakeholders5
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LO6 - Understand the external influences and constraints on businesses and how businesses could respond7
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LO7 - Understand why businesses plan14
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LO8 - Be able to assess the performance of businesses to inform future business activities4
