Business Studies Unit 1

1. An individual or a group that has an interest in and is affected by the activities of a business. (11)
4. Markets for everyday products, such as clothes and food. (5, 6)
5. Using raw materials, labour and machinery to make products. (10)
6. Unique selling point, better design, improved quality, branding, greater speed of service, more convenience. (4, 2, 3, 5)
9. Right of ownership of an invention, design or process when t is registered with the government. (6)
10. The action of leading a group of people or an organization, or the ability to do this (10)

2. The amount that buyers are willing and able to purchase at any given price. (6)
3. Another word used for businesses. (11)
7. Premium (high), discounted (low), price match (same). (5)
8. The amount that sellers and willing and able to sell at any given price. (6)

Get Revising