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EDEXCEL IGCSE BUSINESS STUDIES QUESTIONS AND ANSWERS GRADED A+
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EDEXCEL IGCSE BUSINESS STUDIES QUESTIONS AND ANSWERS GRADED A+
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EDEXCEL IGCSE BUSINESS STUDIES QUESTIONS ANDANSWERS GRADED A+
Anti-competitive practices or restrictive trade
practices - ✔✔ANSWER✔✔-An attempt by firms to
prevent or restrict competition.
Assets - ✔✔ANSWER✔✔-Resources used or owned
by the business in production.
,Assisted areas - ✔✔ANSWER✔✔-Areas that are
designated as having economic problems by the UK
or EU and are eligible for support in a variety of
forms.
Auditing - ✔✔ANSWER✔✔-An accounting
procedure which checks thoroughly the accuracy of
a company's accounts.
Authority - ✔✔ANSWER✔✔-The right to command
and make decisions.
Balance of trade or visible balance -
✔✔ANSWER✔✔-The difference between visible
exports and visible imports.
Balance sheet - ✔✔ANSWER✔✔-A summary at that
time of business assets, liabilities and capital.
,Barriers to entry - ✔✔ANSWER✔✔-Obstacles that
make it difficult for new firms to enter a market.
Batch production - ✔✔ANSWER✔✔-A method
which involves completing one operation at a time
on all units before performing the next.
Below-the-line promotion - ✔✔ANSWER✔✔-Any
promotion that does not involve using the media.
Bonus systems - ✔✔ANSWER✔✔-A payment in
addition to the basic wage for reaching targets or in
recognition for service.
Boston matrix - ✔✔ANSWER✔✔-A 2 x 2 matrix
which describes products according to the market
share they enjoy and whether the market has any
potential for growth.
, Brand names - ✔✔ANSWER✔✔-The name of a
product which consumers see as being different
from those of rivals.
Break-even - ✔✔ANSWER✔✔-The level of output
where total costs and total revenue are exactly the
same. Neither a profit nor a loss is made.
Break-even chart - ✔✔ANSWER✔✔-A graph which
shows total cost and total revenue. The break-even
point is where total cost and total revenue intersect.
Brownfield site - ✔✔ANSWER✔✔-Areas of land
which were once used for urban development.
Employment tribunal - ✔✔ANSWER✔✔-A court
which deals with cases involving disputes between
employers and employees.
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