Practice Flashcards: GCSE Business: Business in the Wider World | Zestly

Question 1

Stakeholder

Accepted Answer

Any individual or group with an interest in a business's activities, such as employees, owners, or customers. A common mistake is thinking stakeholders are only the people who own shares.

Question 2

Shareholder

Accepted Answer

An individual or institution that owns part of a company through shares. People often confuse shareholders with all stakeholders, but shareholders are a specific subset.

Question 3

Interest rate

Accepted Answer

The cost of borrowing money or the reward for saving it, expressed as a percentage. A common error is assuming interest rates only affect the cost of loans, ignoring their impact on savings.

Question 4

Exchange rate

Question 5

Recession

Question 6

Consumer rights

Question 7

Minimum wage

Question 8

Automation

Question 9

Sustainability

Question 10

Ethical sourcing

Question 11

Corporate social responsibility

Question 12

Reputation