AS Levels - Business – 9609

Question Bank of Definations

(Past Papers – 2016-2018)
May/June 2018
Paper 1
1) Define the term ‘market research’.

2) Define the term ‘productivity’

3) Define the term ‘margin of safety’

4) Define the term ‘inventory management’.

5) Define the term ‘below-the-line promotion’.

6) Define the term ‘capital expenditure

7) Define the term ‘leadership’.

8) Define the term ‘operations management

9) Define the term ‘marginal cost’

Paper 2
10) Define the term ‘cash flow

11 Briefly explain the term ‘product portfolio’

12) Define the term ‘retained earnings’

13) Briefly explain the term ‘public limited company

14) Define the term ‘private limited company

15) Briefly explain the term ‘contract of employment

16) Define the term ‘tertiary sector’

17) Briefly explain the term ‘human resource manager’

18) Define the term ‘consumer’

19) Define the term ‘capital intensive’

20) Briefly explain the term ‘niche market’

21) Briefly explain the term ‘variable costs

February/March 2018
Paper 1
22) Define the term ‘random sampling

23) Define the term ‘entrepreneur

24) Define the term ‘labour turnover’.

Paper 2

25) Define the term ‘Unique Selling Point (USP)’

26) Briefly explain the term ‘business objective’

27) Define the term ‘productivity’

28) Define the term ‘debt factoring’.

29) Briefly explain the term ‘public limited company’

October November 2018

Paper 1

30)Define the term ‘crowd funding’. )

31) Define the term ‘niche marketing’

32) Define the term ‘unique selling point’ (USP)

33) Define the term ‘motivation’.

34) Define the term ‘empowerment’

35) Define the term ‘debt factoring’.

36) Define the term ‘value added’

37) Define the term ‘private limited company’

38) Define the term ‘lead time’

Paper 2

39) Define the term ‘market segment’

40) Briefly explain the term ‘partnership

41) Briefly explain the term ‘public sector organisation’

42) Define the term ‘venture capital’ Define the term ‘primary sector’

43) Briefly explain the term ‘flow production’

44) Briefly explain the term ‘internal growth

45) Define the term ‘limited liability’

46)Briefly explain the term ‘competitive pricing strategy’

47) Define the term ‘unique selling point (USP)’

48) Briefly explain ‘Herzberg’s motivation theory’

49) Define the term demand

May/June 2017
Paper 1
1) Define the term ‘window dressing’

2) Define the term ‘emotional intelligence’.

3) Define the term ‘leadership’

4) Define the term ‘debt factoring’.

5) Define the term ‘demand’

6) Define the term ‘opportunity cost’.

7) Define the term ‘buffer inventory’.

8) Define the term ‘share capital’

9) Define the term ‘price skimming’

Paper 2
9) Define the term ‘economies of scale’

10) Briefly explain the term ‘buffer inventory’

11) Define the term ‘long term source of finance

12) Briefly explain the term ‘diversity and equality

13) Define the term ‘shareholders’

14) Briefly explain the term ‘focus group

February/March 2017
Paper 1
15) Define the term ‘market research’.
16) Define the term ‘working capital’.

17) Define the term ‘economies of scale’.

Paper 2
18) Define the term ‘partnership’

19) Briefly explain the term ‘crowd funding’

20) Define the term ‘profit margin’

21) Briefly explain the term ‘above the line promotion’

October/November 2017
Paper 1
22) Define the term ‘channel of distribution’.

23) Define the term ‘job re-design’ Define the term ‘social enterprise’

24) Define the term ‘micro-finance’

25) Define the term ‘retained earnings’.

26) Define the term ‘product orientation’

27) Define the term ‘marketing mix’.

28) Define the term ‘induction training’.

29)Define the term ‘economies of scale’.

Paper 2
30) Define the term ‘brand’

31) Briefly explain the term ‘labour turnover’

32) Define the term ‘franchise’

33) Briefly explain the term ‘entrepreneur’

34) Define the term ‘Computer Aided Design’

35) Briefly explain the term ‘mass customisation’

36) Define the term ‘inventory’

37) Briefly explain the term ‘sole trader’

38) Define the term ‘industrial market’

39) Briefly explain the term ‘lead time

40) Define the term ‘Unique Selling Point (USP)’

41) Briefly explain the term ‘internal growth

May/June 2016
Paper 1
1) Distinguish between ‘strategy’ and ‘tactics’.

2) Define ‘marginal costs’.

3) Define ‘inventory management’.

4) Define the term ‘entrepreneur’.

5) Distinguish between random sampling and quota sampling.

6) Distinguish between a ‘job description’ and a ‘person

specification’.

7) Define the term ‘market segmentation’.

8) Define the term ‘workforce planning’.

9) Define the term ‘start-up capital’.

Paper 2
10) Define the term ‘public limited company

11) Briefly explain the term ‘worker representatives’

12) Define the term ‘income statement’

13) Briefly explain the term ‘human resource management

14) Define the term ‘opportunity cost’

15) Briefly explain the term ‘market research’

16) Define the term ‘redundancies

17) Briefly explain the term ‘joint venture’

18) Define the term ‘demographic segmentation

19) Briefly explain the term ‘business enterprise

20) Define the term ‘lead time’

21) Briefly explain the term ‘mission statement’

February/March 2016
22) Distinguish between the ‘private sector’ and the ‘public sector

23) Define ‘productivity’.

24) Define ‘product differentiation’. Define the term ‘sole trader’

25) Briefly explain the term ‘start up capital’

26) Define the term ‘batch production’

27) Briefly explain the term ‘product portfolio’

October/November 2016
28) Define the term ‘redundancy’.

29) Define the term ‘mission statement’.

30) Define the term ‘working capital’

31) Define ‘joint venture’.

32) Define ‘secondary market research’.

33) Define ‘leadership’

34) Distinguish between external and internal recruitment

35) Define ‘product life cycle’.

36) Define ‘transformation process’.

Paper 2
37) Define the term ‘Unique Selling Point’

38) Briefly explain the term ‘sole trader’

39) Define the term ‘industrial market

40) Briefly explain the term ‘laissez-faire style of leadership

41) Define the term ‘redundancy’

42) Briefly explain the term ‘working capital’

43) Define the term ‘brand’

44) Briefly explain the term ‘price elasticity of demand’

45) Define the term ‘sole trader’

46) Briefly explain the term ‘methods of selection

47) Define the term ‘capital intensive’

48) Briefly explain the term ‘flow production