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

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