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

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