Edexcel GCSE Business

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Anagrams
Edexcel GCSE Business: Intro to Economic Understanding
Topic 5.3 Big or Small?
1. AULRINESFOLETG
6. TEATPN
2. COEFSIENOLMOSCEA
7. PTOIASVNIRATI
3. KEAVTORE
8. YMPLNOOO
4. OBITASLAILGNO
9. NILTEARN
5. DNP
1. (4-10) Where businesses within a sector
regulate their own actions through a
monitoring industry body
2. (9,2,5) Reductions in the average production
cost due to increased output
3. Another term used to describe the acquisition
of one business by another business
4. The growing integration and interdependence
of the world economy
5. Acronym for the process of designing and
launching new products
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10. BGKUNYBILU
6. The right to be the only user of producer of a
specified product or process
7. Where a government-owned business is sold to
private shareholders
8. A business that is the only seller or supplier in a
market
9. Growth that occurs from simply selling more
goods and services
10. (4-6) Savings that are achieved from purchasing
in large quantities
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Clue Search
Edexcel GCSE Business: Intro to Economic Understanding
Topic 5.4 Is Growth Good?
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1. (7,2,4) Refers to an individual's overall sense of
wellbeing - e.g. happiness, health
6. Acronym for the value of total output
produced by an economy
2. (4, 10) The average length of time the
members of a population can expect to live
7. Differences in the incomes of people and
groups in society (e.g. rich and poor)
3. (8,6) An increase in the amount produced by,
or the productive potential of, the economy
8. The costs and inefficiencies that result when
something becomes crowded (e.g. traffic jams)
4. Resources that can be replaced (e.g. sources of
energy)
9. Spending on capital equipment such as
machinery and IT systems to enable production
5. (6,9) The proportion of babies that die within
the first year of life
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10. Amounts paid to businesses by government to
support investment and other growth activities
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Crossword
Edexcel GCSE Business: Intro to Economic Understanding
Topic 5.5 Is the World Fair
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2. (3-6) …barriers - laws and other restrictions
designed to restrict imports of goods and
services
5. The raising of trade barriers against imports
DOWN
1. (5,4) The international financial institution that
provides financial and technical assistance to
developing countries
8. (4,5) Trade with no barriers to it
3. A tax on imports - which restricts free trade
9. (5-6) Benefits which are only paid to households
who can prove they they do not have sufficient
income
4. A system that aims to ensure that producers in
developing countries receive a fair wage or
return for their work
10. …benefits - government services and payments
provided regardless of the income of the
recipient
6. Acronym for the organisation that aims to open
up markets around the world and encourage free
trade
7. A physical limit on the amount of a product that
is allowed to be imported into an economy
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Key Term Matching Activity
Edexcel GCSE Business: Intro to Economic Understanding
Topic 5.2 Risk or Certainty?
1.
The cost of producing each unit (measured by total costs divided by
total units produced)
2.
When a business is not longer viable - it goes bust!
3.
The likings or preferences of customers - influence demand for good
and services
4.
Acronym for the main tax on the purchase of goods and services
5.
Acronym for the main measure of inflation in the UK
6.
The inflationary problem when prices rise, then wages rise, then costs
rise, and so on
7.
Amounts incurred by a business as a result of its activities
8.
The reward for taking a risk; calculated as Total Revenue less Total
Cost
Paid-for communication, aimed at informing or persuading
9.
10.
A business strength which gives one business a sustainable edge over
the competition
WAGE PRICE SPIRAL
CPI
COSTS
ADVERTISING
PROFIT
AVERAGE COST
VAT
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BUSINESS FAILURE
TASTES
COMPETITIVE ADVANTAGE
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Edexcel GCSE Business: Intro to Economic Understanding
Topic 5.1 Thinking like an Economist
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S
9
DEMAND
CHOICE
CONFLICT OF INTEREST
12
13
SHORTAGE
EXTERNALITIES
E
POLLUTION
POSITIVE
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