Business GCSE Unit 1 | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

True or False: Fixed costs vary with the output of the business

False - Fixed costs stay the same no matter how much is produced

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15

Give the formula for revenue

Price per unit X Quantity sold

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15

What is diseconomy of scale

when a business grows and causes the costs to increase

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15

What is economy of scale

When a business buys in bulk and pays lower prices

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baam

Lose 25 points!

Oops!

star

Double points!

Okay!

rocket

Go to first place!

Okay!

thief

Give points!

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20

Give 2 examples of external expansion

merger and takeover

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15

How many people are in a partnership

2-20

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15

what is opportunity cost

The benefit that is given up to do something else

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15

give 2 reasons for making a business plan

Answer according to teacher satisfaction

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15

Give an example of opportunity cost

given according to teacher satisfaction

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15

What is a Business aim

is a long term goal

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lifesaver

Give 10 points!

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gold

Win 50 points!

Okay!

fairy

Take points!

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baam

Lose 15 points!

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15

True or False: businesses are only set up to make money?

False they can also be for a social benefit like a charity

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15

Give 2 examples of Fixed costs

answer satisfactory to teacher

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lifesaver

Give 20 points!

Oops!

rocket

Go to first place!

Okay!

fairy

Take points!

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25

thief

Give points!

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15

True or false: most business that sell shares on the stock market are sole traders

False: Sole traders is one owner no shares are sold

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