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Business

10th -

11thgrade

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GCSE Business Theme 1 key terms

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40 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Difference between the cost of the materials taken to make a product and the price that is charged for the product = ???

    Break even

    Raw materials

    Added value

    Sole trader

  • 2. Multiple Choice
    30 seconds
    1 pt

    The goals of a business. These may be financial or non‐financial = ???

    Aims and objectives

    Limited liability

    Globalisation

    e-commerce

  • 3. Multiple Choice
    30 seconds
    1 pt

    The number of products a business must sell so that its total revenue is the same as its total costs. At this point the business will make no profit or loss = ???

    Sales revenue

    Net profit

    Gross profit

    Break even

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