Definition Term 1 A 2 B C 3 D E 4 F G H 5 Show your answer by drawing a line from the definition on the left with the correct term on the right. Definition 1 2 3 4 5 Term A B C D E F G H

Term Definition 1 2 3 4 5 A Franchise B Quantitative Research C Show your answer by drawing a line from the definition on the left with the correct term on the right. Definition Research that takes the form of attitudes, beliefs and opinions of people. Will require open questions that enable people to respond fully. 1 The way in which a business convinces a customer to pay significantly more for a product or service than it costs to produce. There are a variety of techniques business use. 2 A method of analysing the market and potential competitors using two product attributes or customer requirements. For example, cheap vs expensive and modern vs traditional. 3 An established business operation which can be operated by a someone in return for an investment and share of the profit. 4 A set of potential customers within a market who have a particularly common trait (e.g. single females aged 25 to 30). This enables businesses to promote products and services to particular groups in a way that appeals to them 5 Term A Franchise B Quantitative Research C Added Value D Market Segment E Qualitative Research F Entrepreneur G Market Map H Market

January Februry Total Receipts Fixed Costs Variable Costs Total Costs The following table shows the costs, revenues and profits for a business for 2 months of the year. Fill in the four blanks to complete the table. January Februry Total Receipts Fixed Costs Variable Costs Total Costs Profit/Loss

The sum of Fixed and Total Variable cost added together. The following table shows the costs, revenues and profits for a business for 2 months of the year. Fill in the four blanks to complete the table. January February Total Receipts Fixed Costs Variable Costs Total Costs Profit/Loss This the money taken by the business by selling goods or services to customers Costs that do not increase as a business makes more of a product egg cooker, rent Costs that increase with every sale eg the bread & burger in a hamburger Profit if there is a positive number when you take Total Costs from Total Receipts. Otherwise it’s a loss. The sum of Fixed and Total Variable cost added together.

The sum of Fixed and Total Variable cost added together. The following table shows the costs, revenues and profits for a business for 2 months of the year. Fill in the four blanks to complete the table. January February Total Receipts 5000 Fixed Costs 3725 Variable Costs 2000 Total Costs 5275 6225 Profit/Loss 1775 This the money taken by the business by selling goods or services to customers Costs that do not increase as a business makes more of a product egg cooker, rent Costs that increase with every sale eg the bread & burger in a hamburger Profit if there is a positive number when you take Total Costs from Total Receipts. Otherwise it’s a loss. The sum of Fixed and Total Variable cost added together.

The sum of Fixed and Total Variable cost added together. The following table shows the costs, revenues and profits for a business for 2 months of the year. Fill in the four blanks to complete the table. January February Total Receipts 5000 8000 Fixed Costs 3725 Variable Costs 2000 2500 Total Costs 5275 6225 Profit/Loss -275 1775 This the money taken by the business by selling goods or services to customers Costs that do not increase as a business makes more of a product egg cooker, rent Costs that increase with every sale eg the bread & burger in a hamburger Profit if there is a positive number when you take Total Costs from Total Receipts. Otherwise it’s a loss. The sum of Fixed and Total Variable cost added together.

Receipts Jan Feb Mar Apr Sale of Goods 80 60 70 Rental Income 10 TOTAL INCOME 110 90 Expenditure Materials 50 40 Energy costs 5 20 Wages Transport 15 TOTAL EXP 75 135 95 NET CASH FLOW 35 (45) Opening balance Closing balance 30

Receipts Jan Feb Mar Apr Sale of Goods Rental Income TOTAL INCOME Expenditure Materials Energy costs Wages Transport TOTAL EXP NET CASH FLOW Opening balance Closing balance