Economics B - Definition of terms. A-F 0.0 / 5 ? Economics & Business Studiesdefinition of terms used A -FASEdexcel Created by: baimzejCreated on: 06-03-16 21:07 64359781210 Across 1. are benefits or postive side effects that benefit a third party who is neither the producer not the consumer (8, 8) 6. the movement of cash into (cash inflow) and out (cash outfloe) of a business. (4, 4) 10. occurs when the quantity demanded oustrips the quantity supplied. Some people who want to buy at the curren price will be unable to do so. The price is too low for the marke t to clear (6, 6) Down 2. refers to the way profit in a growing market attracts businesses to produce for it. Profit acts as an incentive to enter the market. (5) 3. the central bank of the UK, responsible for monetary policy and regulation of the banking system. (4, 2, 7) 4. is the difference between the price of a good or service and the cost of its material inputs. (5, 5) 5. the level of output where neither a profit not a loss is being made. the point at which total revenue equals cost. (5, 4, 5) 7. means using resources in the most economical way possible. (10) 8. a person or company that the business owes money to, usually in exchange for goods or services (8) 9. the name or symbol that is closely associated with a product or service. Brands add value, increase consumer loyalty and may attract a higher price. (5)
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