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

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