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Business Key Terms

  • Game Code: 4111499
  •  16     Public
    A #business key terms test for #gcse business in the real world
  •   Study   Slideshow
  • How do you feel today?
    hungry
    Happy
    Unhappy
  •  15
  • What are the 7p's of marketing?
    Physical evidence, People, Process, Power, Price, Place, Product
    Process, Physical power, People, Promotion, Place, Price, Product
    Product, Price, Place, Promotion, People, Process, Physical evidence
    Product, Price, Place, Promotion, People , Progress, Physical evidence
  •  15
  • A business is an organisation where ____ or ____ are exchanged for money
    profits or goods
    profits or services
    goods or services
    needs or wants
  •  15
  • What is marketing?
    Making profit
    Targeting individuals because you like them
    Selling products
    Targeting a product at a target market using the four p's
  •  15
  • What is a service?
    doing you class work on time
    an intangible product of a business sold to make profit
    driving you car to your business address
    a tangible product of a business sold to make profit
  •  15
  • McDonalds and KFC are examples of a Franchisor.
    True
    False
  •  15
  • What you receive when you sell goods or services is called -
    Money
    Profit
    Revenue
    Capital
  •  15
  • What is market segmentation?
    A section of the school who all like the same
    A place in the world
    A part of the world
    A section of the market that have similar characteristics
  •  15
  • What is revenue?
    the amount of money left after all expenses are taking out
    the amount of money you make in your paycheck before taxes
    the money you have left over from your paycheck
    total income generated from selling products & services
  •  15
  • The amount left over from revenue after all cost and expenses are met is called
    Sales
    Saving
    Profit
    Money
  •  15
  • who is the franchisee?
    The big business who lets others use their name
    A person from France
    A big successful business
    The person who buys the right to use the name
  •  15
  • A physical product that is designed by a business and sold to customers is known as a
    want
    good
    service
    need
  •  15
  • What is price penetration?
    Attracting customers to a new product or service by offering a lower price
    Making sure that your prices are lower than your competition
    Making sure that your prices don't match your competition
    Will set the highest price customers will pay and lower it over time
  •  15
  • What is profit?
    When revenue is greater than costs
    All revenue is profit
    When costs and revenue are equal
    When costs are greater than revenue
  •  15
  • What is business?
    Making money
    Creating a new product
    An activity that provides goods or services for profit.
    having a Shop
  •  15
  • How do you calculate Total Revenue?
    Profit / Quantity Sold
    Selling Price x Quantity Sold
    Selling Price + Quantity Sold
    Quantity Sold - Total Cost
  •  15
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