Name: Date: 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 © tutor2u 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 www.tutor2u.net Name: Date: Clue Search Edexcel GCSE Business: Intro to Economic Understanding Topic 5.4 Is Growth Good? T E F X S L I N V R K D S I E Q G G C N D P N C P G K L Q S W P O O M P I U S N N Q B F A N U Y O M R H E L O J H M L W W S R R U A U E I R D F K E J N Q Q B X T F J N O T W A X P Y G R A N T I W V V E O F H G D P H C F G M A D U T F F E F E O R X D E G L O C O N G E E S Y S T I O N W Y W A T M E N T Q V E S D K Z K X L U V Z C A R L W Q B M K L Y I I C S E Z N G G H V K K T S S P H I I Q L C Q O L L J V Z U W U A I H R X F A T P N F Q T P Q L H M W S F C E Z U C A I B C G T X Y Y E L U S Y T E B S Y I B G W R E N E W A B L E F R Z Y N A Z D I K I N F A N T M O R T A L I T Y Y 1 2 3 4 5 6 7 8 14 15 16 17 18 19 20 9 10 11 12 13 E R 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 © tutor2u 10. Amounts paid to businesses by government to support investment and other growth activities www.tutor2u.net Name: Date: Crossword Edexcel GCSE Business: Intro to Economic Understanding Topic 5.5 Is the World Fair 1 W 2 N O N 3 T A R I 4 A P R O T 8 F F R E W E T F T V L R A D E O T I O N E S T I S M 7 Q U B O A N S T A N A D K 9 R I E C R 6 I I U N F A R 10 F 5 E R S M E A E D L ACROSS 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 © tutor2u www.tutor2u.net Name: Date: 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 © tutor2u BUSINESS FAILURE TASTES COMPETITIVE ADVANTAGE www.tutor2u.net Name: Date: Word Search Edexcel GCSE Business: Intro to Economic Understanding Topic 5.1 Thinking like an Economist P T O C D Z N V V U W Z X V A U V K N U P N R B E X L I I E S Q K M E Z J S Q O R B J A P Q X V B Y E Q C P L Y K Y D Y U O J E S N H U E F K B K B U N N J P I H R J V H Q Q P G O D N A M E I G C M D X H E G E R L W E T N W F E T T N E B F O T R N A R J W I C T L I L F N O C M S B D X N A Y J X K U A W G D S P D N G H I R L H E E C G T X L E V A W I B A O I D I F W E R G O I T T Q Z U N I Y K E E A L E A Z U L X P J O H C U X C Z K L X G L Y L J V S I I Q U P F A T O S E N R K N N N N P L P N L I I K I U Q Z D V W W V U P X T E X E I E P D P G V D E C I C C E R N Z Q C B E V I T I S O P A F N Q K F Z Z H P Y A M C T C C B X Y X 1 2 5 6 7 8 10 11 14 15 16 17 18 19 20 4 U B G V K K O M T Q Z W J 3 I P F NEGATIVE DIVIDENDS PRICE © tutor2u S 9 DEMAND CHOICE CONFLICT OF INTEREST 12 13 SHORTAGE EXTERNALITIES E POLLUTION POSITIVE www.tutor2u.net
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