CCEA Business Studies AS Unit 1 LATEST
UPDATED 2025/2026 WITH COMPLETE
QUESTIONS AND SURE VERIFIED
SOLUTIONS 100% GRADED AT A+
SCORE!! SURE GUARANTEED PASS!!
1. Business Enterprise - ANSWER ✔ Any operation established to
produce or supply goods/services desired by consumers generally
with a view to making profit.
2. Factors of Production - ANSWER ✔ The inputs of land, labour,
capital and enterprise required to produce or supply
goods/services.
3. Non-Monetary Motivators - ANSWER ✔ Incentives that focus on
job design used by management to encourage greater productivity.
4. Fringe Benefits - ANSWER ✔ Additional benefits given to
workers e.g. company car for executives, private health care,
company pension, car parking or luncheon vouchers.
,5. Job Enlargement - ANSWER ✔ The increase in scope of the role
of an employee i.e. doing more of the same. It simply increases the
number of tasks without changing the challenge.
6. Job Rotation - ANSWER ✔ Transferring between jobs allows
employees to gain more experience and become multi-skilled.
7. Empowerment - ANSWER ✔ Official authority given by managers
to employees to make decision and control their own activities.
8. Quality Circles - ANSWER ✔ Small groups of workers in the
same area of production who meet regularly to study and solve
problems related to their job.
9. Entrepreneur - ANSWER ✔ Someone who starts and runs a
business and has the responsibility of the risks involved.
10. Entrepreneurial Characteristics - ANSWER ✔ These are
common traits found in successful entrepreneurs and examples
may include innovative, visionary, flexibility, knowledgeable, risk
taker, decisiveness, goal orientated, motivated and committed.
11. Adding Value - ANSWER ✔ A business will add value to
raw materials used in its production process so that there will be a
, significant difference between the cost of purchasing raw materials
and the selling prices of the finished article.
12. Competitive Advantage - ANSWER ✔ A favourable situation
that a business organisation has over its rivals arising from a
marketing opportunity such as price or cost or both. It strengths
and positions a business better within the business environment.
13. Sole Trader - ANSWER ✔ A business organisation which has
a single owner and in which there is no legal distinction between
the owner and the business. The owner receives all the profits and
has unlimited responsibility for all losses and debts.
14. Partnership - ANSWER ✔ A business relationship of two or
more entities conducting business for mutual benefit. They manage
the business and share equal responsibility for the company's
profits and losses, and its debts and liabilities.
15. Deed of Partnership - ANSWER ✔ A binding legal document
which states the formal rights of partners in the business.
16. Sleeping Partner - ANSWER ✔ A partner who contributes
capital and shares in profits/losses but does not participate in
decision making.
UPDATED 2025/2026 WITH COMPLETE
QUESTIONS AND SURE VERIFIED
SOLUTIONS 100% GRADED AT A+
SCORE!! SURE GUARANTEED PASS!!
1. Business Enterprise - ANSWER ✔ Any operation established to
produce or supply goods/services desired by consumers generally
with a view to making profit.
2. Factors of Production - ANSWER ✔ The inputs of land, labour,
capital and enterprise required to produce or supply
goods/services.
3. Non-Monetary Motivators - ANSWER ✔ Incentives that focus on
job design used by management to encourage greater productivity.
4. Fringe Benefits - ANSWER ✔ Additional benefits given to
workers e.g. company car for executives, private health care,
company pension, car parking or luncheon vouchers.
,5. Job Enlargement - ANSWER ✔ The increase in scope of the role
of an employee i.e. doing more of the same. It simply increases the
number of tasks without changing the challenge.
6. Job Rotation - ANSWER ✔ Transferring between jobs allows
employees to gain more experience and become multi-skilled.
7. Empowerment - ANSWER ✔ Official authority given by managers
to employees to make decision and control their own activities.
8. Quality Circles - ANSWER ✔ Small groups of workers in the
same area of production who meet regularly to study and solve
problems related to their job.
9. Entrepreneur - ANSWER ✔ Someone who starts and runs a
business and has the responsibility of the risks involved.
10. Entrepreneurial Characteristics - ANSWER ✔ These are
common traits found in successful entrepreneurs and examples
may include innovative, visionary, flexibility, knowledgeable, risk
taker, decisiveness, goal orientated, motivated and committed.
11. Adding Value - ANSWER ✔ A business will add value to
raw materials used in its production process so that there will be a
, significant difference between the cost of purchasing raw materials
and the selling prices of the finished article.
12. Competitive Advantage - ANSWER ✔ A favourable situation
that a business organisation has over its rivals arising from a
marketing opportunity such as price or cost or both. It strengths
and positions a business better within the business environment.
13. Sole Trader - ANSWER ✔ A business organisation which has
a single owner and in which there is no legal distinction between
the owner and the business. The owner receives all the profits and
has unlimited responsibility for all losses and debts.
14. Partnership - ANSWER ✔ A business relationship of two or
more entities conducting business for mutual benefit. They manage
the business and share equal responsibility for the company's
profits and losses, and its debts and liabilities.
15. Deed of Partnership - ANSWER ✔ A binding legal document
which states the formal rights of partners in the business.
16. Sleeping Partner - ANSWER ✔ A partner who contributes
capital and shares in profits/losses but does not participate in
decision making.
