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

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