The key terms from chapter 1 of the book 'Edexcel International GCSE Business studies' to chapter 9. Few extra key terms added. Made for revision.
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Created by minsung.kang
over 9 years ago
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Close
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Created by minsung.kang
over 9 years ago
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Business
Consumer goods
Entrepreneurs
Goods
Needs
Private sector
Producer goods
Public sector
Scarce resources
Services
Stakeholder
Wants
Mission statement
Objectives
Profit maximisation
Deed of partnership
Franchise
Incorporated businesses
Limited liability
Limited liability partnership
Limited partnership
Partnership
Sole trader / sole proprietor
Unincorporated business
Unlimited liability
Flotation
Joint venture
Limited company
Stock market
Private limited company
Public limited company
Globalisation
Multinational
Repatriation (of profit)
Capital-intensive production
Division of labour
Entrepreneur
Factors of production
Fixed capital
Labour
Labour intensive production
Production
Specialisation
De-industrialisation
Primary industry
Secondary industry
Tertialry industry
Assisted areas
Brownfield site
Greenfield sites
Regional policy
