Aqa As Level Business 7131: Unit 1 What Is Business? Questions And Answers 100% Verified A+ Guaranteed

Fair trade {Ans: A social movement that exists to promote improved trading terms and living conditions for producers of products in less developed countries}Objectives {Ans: Medium to long term goals established to coordinate the business}Fixed costs {Ans: Costs that do not alter when a business alters its level of output. Examples include rent and rates.}Interest rates {Ans: The price of borrowed money}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}