Business Studies #1

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What is it called when a business sells its right to use its name to sell products or a service?
Franchise
1 of 10
An individual who owns and runs their own business.
Sole Trader
2 of 10
The formation of a new business or development of a new product or service is called?
Enterprise
3 of 10
What do you call a person who having generated a new business idea develops it by setting up a new business?
Entrepenuer
4 of 10
What is it called when a companies income exceeds expenditure?
Profit
5 of 10
The percentage of the total market that one particular brand or business owns is called?
Market Share
6 of 10
Name the written document that describes a businees, its objectives, its strategies and its finanacial forecasts.
Business Plan
7 of 10
The collection and analysis of data and information to inform a business about its market is called.
Market Research
8 of 10
The collection of first hand data that did not exist before is called?
Field Research
9 of 10
Research that has already been undertaken by another organisation is called?
Desk Research
10 of 10

Other cards in this set

Card 2

Front

An individual who owns and runs their own business.

Back

Sole Trader

Card 3

Front

The formation of a new business or development of a new product or service is called?

Back

Preview of the front of card 3

Card 4

Front

What do you call a person who having generated a new business idea develops it by setting up a new business?

Back

Preview of the front of card 4

Card 5

Front

What is it called when a companies income exceeds expenditure?

Back

Preview of the front of card 5
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