Business words

Business words

Learning objective

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Business words

Learning objective

What is the definition of 'Business'?

A

A way to gather information.

B

Money that is borrowed.

C

A recognisable symbol.

D

When products are exchanged for money.

What does 'Break even' mean?

A

An individual in charge of tasks.

B

Money received from selling a product.

C

Sales equals costs, no profit or loss.

D

A detailed description of requirements.

What is a 'Competitor'?

A

The people who buy products.

B

A catchy jingle or phrase.

C

The price paid to make a product.

D

A business offering a similar product.

What is 'Market Research'?

A

A new or different idea.

B

Money received from sales.

C

A suitable container for products.

D

Gathering information about customer wants.

What does 'USP' stand for?

A

A small sum for payments.

B

A presentation to persuade someone.

C

A detailed description of specifications.

D

Unique Selling Point of a product.

What are some of the words you remember from this lesson?