A business thatis owned andoperated by agroup ofbetween 2 ormore peopleThe steady increasein the earth’stemperature due toemissions and thebuildup ofgreenhouse gases,resulting in climatechangesA businessthat isowned andoperated byone person.The lowesthourly rate thatcan legally bepaid by anemployer to anemployeeGood/servicesold to acustomer inanothercountryThe individuals, otherbusinesses andorganisations that arelocated close to thebusiness. Thebusiness interactswith these groups.A type and level ofnoise that isexcessive anddisturbing topeople or animals.A detailed statement ofhow the businessintends to operate,either at start-up orduring a given periodof time. Business plansare based on forecastsand so cover only ashort time.The percentageof thepopulation ofworking agethat areemployed.The sale of the rights touse/sell a product by afranchisor to a franchisee.A fixed fee and/or apercentage is paid inreturn. The franchiserspecifies the standards andprovides training andsupportThe removal, storageor destruction ofunwanted material.Methods includerecycling, burningand landfill sites.A business growsby increasing itsoutput, byincreasing itscustomer base orby developing newproduct(s).A specific statementthat defines aprecise goal thatcan be measuredand delivered withina given time.The costadvantage ofproducing on alarge scale. Asoutput increasesthe unit costdecreases.A limit on thenumber offoreign importscoming into acountryWhen two ormorebusinessesagree to jointogether.The ability to identifybusiness ideas andopportunities to bringthem to fruition andto take risks whereappropriate.Businesstransactionscarried outelectronicallyon the internet.Two or morebusinessesjoin togetherBorrowing from abank by drawingfrom a currentaccount so that thebalance becomesless than zeroRulings that relate tothe rights andresponsibilities ofpeople who work for abusiness; they affectthe recruitment andselection process andhow the businessdeals with its workers.The costs thatchange as thebusiness'outputchanges.This occurs whena Ltd becomes aPLC and is listedon a StockExchangeThe site of abusiness andthe reasoningbehind thechoice of site.An action that iscarried out tofulfill a need ordemand inreturn forpayment.Items that areproduced fromraw materials forsale tobusinesses orconsumerA business thatuses rawmaterials tomanufacturegoods orconstruct itemsThe capacityof abusiness tostay inbusiness.The intentionto reach ageneral goal.Theconversionof waste intoreusablematerial.Laws designed toensure thatbusinesses makeproducts that aresafe and of goodquality, and that theydeal with customershonestly and fairlyThe rate chargedfor borrowingmoney over aperiod of time, orthe reward forsaving moneyA business’ goals thatrelate to fairtreatment of thepeople concerned:customers, investors,suppliers or workers.Protects people fromdiscrimination in theworkplace and inwider society. It setsout the different waysin which it is unlawfulto treat someone.A business’ goals thatrelate to fair businesspractice or moralguidelines and makea positivecontribution to thebusiness’ reputation.The processof increasinga business’sizeA business’ increasein size. Methodsinclude: asset value,employees, marketshare, markets,profits and salesA businessthat extractsthe earth'snaturalresources.A business that isowned byshareholders; theshares are notavailable to thegeneral public.Shareholders havelimited liabilityWhen the owner(s) areresponsible for all thedebts of the business.Their personal fundswould be used to settlethe business’ debts ifthe business’ fundswere insufficient.The price of onecurrency based onanother or the cost ofbuying one currencyfrom another, forexample £1 = $1.21.The benefits thatlarge businessesgain from having thefunds to invest inexpensive machinerythat brings costsavings.Those people whoown shares in alimited company;each shareholderis a part owner ofthe business.The rivalry betweenbusinesses lookingto sell theirgoods/services inthe same marketThe value that ashareholder is able to getfor the money invested inthe business: capital gains,dividend payments, pay-outs to shareholders orproceeds from buybackprogrammes.The incomegenerated fromthe sale ofgoods/services.The possibilitythat the returnon investmentwill be lowerthan expected.Sets out the dutiesand responsibilities ofboth employers andemployees for healthand safety in theworkplace.Inputs that thebusiness useto providetheir goodsand servicesContractinganother businessto carry out someof the business’activities, often toreduce costs.The cost of makingone choiceconcerning the use oflimited resources atthe expense of analternative choice.A business thatprovidesservices toconsumers orotherbusinessesThe averagecost of eachunit. Unit cost= total cost ÷quantityIndividuals who workfull time or part timefor the business; theyhave a contract ofemployment detailingtheir duties and rightsThe moneyspent by abusiness ongoods andservicesA legal documentthat sets out theterms andconditions of the jobfor the employerand the employeeThe units of thebusiness thatare availablefor sale toinvestors.The elementsthat combine inthe productionprocess: land,labour, capitaland enterpriseWhen a businessgrows too large,leading to apossible increasein unit cost.The growth of abusiness byjoining withanother bymerger ortakeover.The proportionof the wholemarket for aproduct that isheld by thebusiness.The process ofoperating withoutdamaging theenvironment ordepleting naturalresources.Good/servicebought froma supplier inanothercountryThe presence orintroduction ofharmful substancesinto the air causingdisease, allergies ordamage to humans,animals, plants or thebuilt environment.The trend for largebusinesses tooperate on aworldwide scale;money, goods andservices can betransferred acrossnational borders.The moralprinciples thatguide how abusinessoperatesOnebusinesstakes controlof another.A business that isowned byshareholders.Anyone can buyshares in thebusiness.Shareholders havelimited liabilityAn opportunity for anew business (orexpansion) which maymeet a need that is notbeing met, or a groupof potential customerswho are not yetpurchasing a particulargood/service.The owners are notresponsible for thedebts of thebusiness. The limit oftheir liability for thebusiness’ debts is theamount theyinvested.A business whosemain aim is the publicgood. Profits areinvested back intothe business insteadof being paid to theowners.A person who has thevision to use initiativeto make businessideas happen,managing theresources and risks.The money spentby households ongoods and servicesto satisfy theirneeds and wants.Associations, charities, co-operatives or voluntaryorganisations set up tofurther non-monetary idealssuch as cultural,educational, religious andpublic service.Profits/losses areretained/absorbed.Free!The differencebetween the moneyreceived from the saleof a good/service andthe amount it cost; theamount that remainsafter all the costs havebeen paid. Profit = totalrevenue – total costBusinesstransactions arecarried outelectronically bymobile phoneA method ofborrowing topurchaseproperty, usingthe property assecurityThe costs thatstay largely thesame,regardless ofthe business’output.All the costsinvolved inproducinggoods/services.Total costs = fixedcosts + variablecostsA portion of theafter-tax profit thatis paid toshareholdersaccording to thenumber of sharesthey own.Indivdulasand groupsthat areaffected by abusinessA business thatis owned andoperated by agroup ofbetween 2 ormore peopleThe steady increasein the earth’stemperature due toemissions and thebuildup ofgreenhouse gases,resulting in climatechangesA businessthat isowned andoperated byone person.The lowesthourly rate thatcan legally bepaid by anemployer to anemployeeGood/servicesold to acustomer inanothercountryThe individuals, otherbusinesses andorganisations that arelocated close to thebusiness. Thebusiness interactswith these groups.A type and level ofnoise that isexcessive anddisturbing topeople or animals.A detailed statement ofhow the businessintends to operate,either at start-up orduring a given periodof time. Business plansare based on forecastsand so cover only ashort time.The percentageof thepopulation ofworking agethat areemployed.The sale of the rights touse/sell a product by afranchisor to a franchisee.A fixed fee and/or apercentage is paid inreturn. The franchiserspecifies the standards andprovides training andsupportThe removal, storageor destruction ofunwanted material.Methods includerecycling, burningand landfill sites.A business growsby increasing itsoutput, byincreasing itscustomer base orby developing newproduct(s).A specific statementthat defines aprecise goal thatcan be measuredand delivered withina given time.The costadvantage ofproducing on alarge scale. Asoutput increasesthe unit costdecreases.A limit on thenumber offoreign importscoming into acountryWhen two ormorebusinessesagree to jointogether.The ability to identifybusiness ideas andopportunities to bringthem to fruition andto take risks whereappropriate.Businesstransactionscarried outelectronicallyon the internet.Two or morebusinessesjoin togetherBorrowing from abank by drawingfrom a currentaccount so that thebalance becomesless than zeroRulings that relate tothe rights andresponsibilities ofpeople who work for abusiness; they affectthe recruitment andselection process andhow the businessdeals with its workers.The costs thatchange as thebusiness'outputchanges.This occurs whena Ltd becomes aPLC and is listedon a StockExchangeThe site of abusiness andthe reasoningbehind thechoice of site.An action that iscarried out tofulfill a need ordemand inreturn forpayment.Items that areproduced fromraw materials forsale tobusinesses orconsumerA business thatuses rawmaterials tomanufacturegoods orconstruct itemsThe capacityof abusiness tostay inbusiness.The intentionto reach ageneral goal.Theconversionof waste intoreusablematerial.Laws designed toensure thatbusinesses makeproducts that aresafe and of goodquality, and that theydeal with customershonestly and fairlyThe rate chargedfor borrowingmoney over aperiod of time, orthe reward forsaving moneyA business’ goals thatrelate to fairtreatment of thepeople concerned:customers, investors,suppliers or workers.Protects people fromdiscrimination in theworkplace and inwider society. It setsout the different waysin which it is unlawfulto treat someone.A business’ goals thatrelate to fair businesspractice or moralguidelines and makea positivecontribution to thebusiness’ reputation.The processof increasinga business’sizeA business’ increasein size. Methodsinclude: asset value,employees, marketshare, markets,profits and salesA businessthat extractsthe earth'snaturalresources.A business that isowned byshareholders; theshares are notavailable to thegeneral public.Shareholders havelimited liabilityWhen the owner(s) areresponsible for all thedebts of the business.Their personal fundswould be used to settlethe business’ debts ifthe business’ fundswere insufficient.The price of onecurrency based onanother or the cost ofbuying one currencyfrom another, forexample £1 = $1.21.The benefits thatlarge businessesgain from having thefunds to invest inexpensive machinerythat brings costsavings.Those people whoown shares in alimited company;each shareholderis a part owner ofthe business.The rivalry betweenbusinesses lookingto sell theirgoods/services inthe same marketThe value that ashareholder is able to getfor the money invested inthe business: capital gains,dividend payments, pay-outs to shareholders orproceeds from buybackprogrammes.The incomegenerated fromthe sale ofgoods/services.The possibilitythat the returnon investmentwill be lowerthan expected.Sets out the dutiesand responsibilities ofboth employers andemployees for healthand safety in theworkplace.Inputs that thebusiness useto providetheir goodsand servicesContractinganother businessto carry out someof the business’activities, often toreduce costs.The cost of makingone choiceconcerning the use oflimited resources atthe expense of analternative choice.A business thatprovidesservices toconsumers orotherbusinessesThe averagecost of eachunit. Unit cost= total cost ÷quantityIndividuals who workfull time or part timefor the business; theyhave a contract ofemployment detailingtheir duties and rightsThe moneyspent by abusiness ongoods andservicesA legal documentthat sets out theterms andconditions of the jobfor the employerand the employeeThe units of thebusiness thatare availablefor sale toinvestors.The elementsthat combine inthe productionprocess: land,labour, capitaland enterpriseWhen a businessgrows too large,leading to apossible increasein unit cost.The growth of abusiness byjoining withanother bymerger ortakeover.The proportionof the wholemarket for aproduct that isheld by thebusiness.The process ofoperating withoutdamaging theenvironment ordepleting naturalresources.Good/servicebought froma supplier inanothercountryThe presence orintroduction ofharmful substancesinto the air causingdisease, allergies ordamage to humans,animals, plants or thebuilt environment.The trend for largebusinesses tooperate on aworldwide scale;money, goods andservices can betransferred acrossnational borders.The moralprinciples thatguide how abusinessoperatesOnebusinesstakes controlof another.A business that isowned byshareholders.Anyone can buyshares in thebusiness.Shareholders havelimited liabilityAn opportunity for anew business (orexpansion) which maymeet a need that is notbeing met, or a groupof potential customerswho are not yetpurchasing a particulargood/service.The owners are notresponsible for thedebts of thebusiness. The limit oftheir liability for thebusiness’ debts is theamount theyinvested.A business whosemain aim is the publicgood. Profits areinvested back intothe business insteadof being paid to theowners.A person who has thevision to use initiativeto make businessideas happen,managing theresources and risks.The money spentby households ongoods and servicesto satisfy theirneeds and wants.Associations, charities, co-operatives or voluntaryorganisations set up tofurther non-monetary idealssuch as cultural,educational, religious andpublic service.Profits/losses areretained/absorbed.Free!The differencebetween the moneyreceived from the saleof a good/service andthe amount it cost; theamount that remainsafter all the costs havebeen paid. Profit = totalrevenue – total costBusinesstransactions arecarried outelectronically bymobile phoneA method ofborrowing topurchaseproperty, usingthe property assecurityThe costs thatstay largely thesame,regardless ofthe business’output.All the costsinvolved inproducinggoods/services.Total costs = fixedcosts + variablecostsA portion of theafter-tax profit thatis paid toshareholdersaccording to thenumber of sharesthey own.Indivdulasand groupsthat areaffected by abusiness

Business Studies Chapter 1 and 2 - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. A business that is owned and operated by a group of between 2 or more people
  2. The steady increase in the earth’s temperature due to emissions and the buildup of greenhouse gases, resulting in climate changes
  3. A business that is owned and operated by one person.
  4. The lowest hourly rate that can legally be paid by an employer to an employee
  5. Good/service sold to a customer in another country
  6. The individuals, other businesses and organisations that are located close to the business. The business interacts with these groups.
  7. A type and level of noise that is excessive and disturbing to people or animals.
  8. A detailed statement of how the business intends to operate, either at start-up or during a given period of time. Business plans are based on forecasts and so cover only a short time.
  9. The percentage of the population of working age that are employed.
  10. The sale of the rights to use/sell a product by a franchisor to a franchisee. A fixed fee and/or a percentage is paid in return. The franchiser specifies the standards and provides training and support
  11. The removal, storage or destruction of unwanted material. Methods include recycling, burning and landfill sites.
  12. A business grows by increasing its output, by increasing its customer base or by developing new product(s).
  13. A specific statement that defines a precise goal that can be measured and delivered within a given time.
  14. The cost advantage of producing on a large scale. As output increases the unit cost decreases.
  15. A limit on the number of foreign imports coming into a country
  16. When two or more businesses agree to join together.
  17. The ability to identify business ideas and opportunities to bring them to fruition and to take risks where appropriate.
  18. Business transactions carried out electronically on the internet.
  19. Two or more businesses join together
  20. Borrowing from a bank by drawing from a current account so that the balance becomes less than zero
  21. Rulings that relate to the rights and responsibilities of people who work for a business; they affect the recruitment and selection process and how the business deals with its workers.
  22. The costs that change as the business' output changes.
  23. This occurs when a Ltd becomes a PLC and is listed on a Stock Exchange
  24. The site of a business and the reasoning behind the choice of site.
  25. An action that is carried out to fulfill a need or demand in return for payment.
  26. Items that are produced from raw materials for sale to businesses or consumer
  27. A business that uses raw materials to manufacture goods or construct items
  28. The capacity of a business to stay in business.
  29. The intention to reach a general goal.
  30. The conversion of waste into reusable material.
  31. Laws designed to ensure that businesses make products that are safe and of good quality, and that they deal with customers honestly and fairly
  32. The rate charged for borrowing money over a period of time, or the reward for saving money
  33. A business’ goals that relate to fair treatment of the people concerned: customers, investors, suppliers or workers.
  34. Protects people from discrimination in the workplace and in wider society. It sets out the different ways in which it is unlawful to treat someone.
  35. A business’ goals that relate to fair business practice or moral guidelines and make a positive contribution to the business’ reputation.
  36. The process of increasing a business’ size
  37. A business’ increase in size. Methods include: asset value, employees, market share, markets, profits and sales
  38. A business that extracts the earth's natural resources.
  39. A business that is owned by shareholders; the shares are not available to the general public. Shareholders have limited liability
  40. When the owner(s) are responsible for all the debts of the business. Their personal funds would be used to settle the business’ debts if the business’ funds were insufficient.
  41. The price of one currency based on another or the cost of buying one currency from another, for example £1 = $1.21.
  42. The benefits that large businesses gain from having the funds to invest in expensive machinery that brings cost savings.
  43. Those people who own shares in a limited company; each shareholder is a part owner of the business.
  44. The rivalry between businesses looking to sell their goods/services in the same market
  45. The value that a shareholder is able to get for the money invested in the business: capital gains, dividend payments, pay-outs to shareholders or proceeds from buyback programmes.
  46. The income generated from the sale of goods/services.
  47. The possibility that the return on investment will be lower than expected.
  48. Sets out the duties and responsibilities of both employers and employees for health and safety in the workplace.
  49. Inputs that the business use to provide their goods and services
  50. Contracting another business to carry out some of the business’ activities, often to reduce costs.
  51. The cost of making one choice concerning the use of limited resources at the expense of an alternative choice.
  52. A business that provides services to consumers or other businesses
  53. The average cost of each unit. Unit cost = total cost ÷ quantity
  54. Individuals who work full time or part time for the business; they have a contract of employment detailing their duties and rights
  55. The money spent by a business on goods and services
  56. A legal document that sets out the terms and conditions of the job for the employer and the employee
  57. The units of the business that are available for sale to investors.
  58. The elements that combine in the production process: land, labour, capital and enterprise
  59. When a business grows too large, leading to a possible increase in unit cost.
  60. The growth of a business by joining with another by merger or takeover.
  61. The proportion of the whole market for a product that is held by the business.
  62. The process of operating without damaging the environment or depleting natural resources.
  63. Good/service bought from a supplier in another country
  64. The presence or introduction of harmful substances into the air causing disease, allergies or damage to humans, animals, plants or the built environment.
  65. The trend for large businesses to operate on a worldwide scale; money, goods and services can be transferred across national borders.
  66. The moral principles that guide how a business operates
  67. One business takes control of another.
  68. A business that is owned by shareholders. Anyone can buy shares in the business. Shareholders have limited liability
  69. An opportunity for a new business (or expansion) which may meet a need that is not being met, or a group of potential customers who are not yet purchasing a particular good/service.
  70. The owners are not responsible for the debts of the business. The limit of their liability for the business’ debts is the amount they invested.
  71. A business whose main aim is the public good. Profits are invested back into the business instead of being paid to the owners.
  72. A person who has the vision to use initiative to make business ideas happen, managing the resources and risks.
  73. The money spent by households on goods and services to satisfy their needs and wants.
  74. Associations, charities, co-operatives or voluntary organisations set up to further non-monetary ideals such as cultural, educational, religious and public service. Profits/losses are retained/absorbed.
  75. Free!
  76. The difference between the money received from the sale of a good/service and the amount it cost; the amount that remains after all the costs have been paid. Profit = total revenue – total cost
  77. Business transactions are carried out electronically by mobile phone
  78. A method of borrowing to purchase property, using the property as security
  79. The costs that stay largely the same, regardless of the business’ output.
  80. All the costs involved in producing goods/services. Total costs = fixed costs + variable costs
  81. A portion of the after-tax profit that is paid to shareholders according to the number of shares they own.
  82. Indivdulas and groups that are affected by a business