AQA GCSE Business - Business In The Real World / Actual Test Questions with Detailed Verified Answers / Already Graded A / 2025.
Aim - Answer: The intention to reach a goal.
Business plan - Answer: A detailed statement of how the business intends to operate, either at start-up or during a given period of time.Competition - Answer: The rivalry between businesses looking to sell their goods/services in the same market.
Cost - Answer: The money spent by a business on goods and services.
Customer - Answer: Individuals, businesses or organisations that purchase goods/services and make decisions about which supplier to choose.Customer satisfaction - Answer: Whether customers are pleased with the goods/services they receive; whether they would purchase again.Demand - Answer: The quantity of a particular product that will be bought at particular price over a specific time.Directors - Answer: The people who are elected by the shareholders to run the business on their behalf. 1 / 2
Diseconomies of scale - Answer: When a business grows too large, leading to a possible increase in unit cost.Dividend - Answer: A portion of the after-tax profit that is paid to shareholders according to the number of shares they own.E-commerce - Answer: Business transactions carried out electronically on the internet.Economies of scale - Answer: The cost advantage of producing on a large scale. As output increases the unit cost decreases.Employees - Answer: Individuals who work full time or part time for the business; they have a contract of employment detailing their duties and rights.Enterprise - Answer: The ability to identify business ideas and opportunities to bring them to fruition and to take risks where appropriate.Entrepreneur - Answer: A person who has the vision to use initiative to make business ideas happen, managing the resources and risks.Ethical objectives - Answer: A business' goals that relate to fair business practice or moral guidelines and make a positive contribution to the business' reputation.
Ethics - Answer: The moral principles that guide how a business operates.
Expansion - Answer: The process of increasing a business' size.
Export - Answer: Good/service sold to a customer in another country.
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