Aqa As Level Business 7131: Unit 1 What Is Business? |33 Questions| With Correct Answers.

Dividends {Ans: A share in the profits of a company that are distributed to the holders of certain types of company shares}Gross Domestic Product (GDP) {Ans: Measures the total value of the production of an economy (that is all a country's businesses) over a period of time, normally one year}Sustainable production {Ans: Occurs when the supply of a product does not impose costs on future generations by, for example, depleting non renewable resources}Shareholder {Ans: An investor in and one of the owners of a company}Company {Ans: A business organisation that has its own legal identity and that has limited liability}Stakeholders {Ans: Individuals or groups (such as employees, customers and local residents) who have an interest in the business}Product {Ans: A general term which includes goods and services}Mission statement {Ans: Sets out a business's overall purpose to direct and stimulate the entire organisation}Incorporation {Ans: The process of establishing a business as a separate legal entity that allows it to benefit from limited liability}Profit {Ans: Measures the extent to which revenues from selling a product exceed the costs incurred in producing it over time}