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

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