Business Studies Revision 0.0 / 5 ? Business StudiesGCSEAQA Created by: Beth CloseCreated on: 09-05-13 14:04 Entrepenuer Someone who has the flair and skill to set up their own business. 1 of 9 Objective Targets that a business set themselves to achieve an overall goal. 2 of 9 Franchisee A business that agrees to manufacture and provide a branded product. 3 of 9 Market Segmentation Division of a market into gorups of buyers with similar characteristics. 4 of 9 Fixed Costs Costs that will not change with output. 5 of 9 Balance Sheet Where a businesses assests and liabilites are recorded. They are completed over a period of time e.g. a year. 6 of 9 Long Term Liabilities These liabilities are paid after a 12 month period. 7 of 9 Stakeholder A person or business that is affected or has an interest in the performance or activites of another business. 8 of 9 Franchise The right given by one business to another, to sell goods or services using it's name. 9 of 9
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