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Makeda - Thursday, Sept 8, 2022



inflation            cash-flow          chain-of-command             import            shareholders           creditor      

     pressure group            break-even point             export                profit                    mixed economy



1. The point in time when you will have paid back all your debts, or when revenues exactly match expenses


2. The movement of cash into and out of a business


3. A person or firm that has lent your business money or to whom you owe money.


4. Selling your goods or services overseas.


5. Buying goods or services from overseas and bringing them into the country.


6. The term used when prices rise.

7. Any individual or party that has an interest in or may be affected by a business and/or its activities. This can include anyone, from employees to residents of the local community.


8. The levels of management and the way authority is organised.


9. An economic system allowing both the state and the free market to allocate resources.


10. A group of people with a specific campaign (e.g. a protest against an airport extension, or whale hunting) who seek to influence the policy and decision makers.



11. The remainder after all costs have been deducted from revenue. It is the reward for taking business risks, i.e. the justification for being in business.


Watch & analyse the video below and then answer the questions which follow. Think of her ideas, prices, market, etc.




1. What might cause Wise Pocket Products to be successful?
1b. What might cause Wise Pocket Products to fail?

2. Why do you think the investors were hesitant to invest?

3. How did Sophie initially fund her business?

4. Who would be the target market for Wise Pocket Products?

5. Does Wise Pocket Product have ethical or unethical practices? How so? (Go to 2:15 mark)






** You may come across terms that are unfamiliar. If you do, make notes and definitions in your book.


1. Which of the following statements BEST
describes a conjugal family?

(A) Offspring have become adults and
have left home.
(B) One or both parents may be absent
from the home.
(C) Family relationship is developed
through marriage.
(D) Family relationship is developed
through blood lines.

2. The process by which a child learns how
to behave is known as
(A) cooperation
(B) socialization
(C) indoctrination
(D) personalization


3. Which of the following factors can help to
improve marital relationships?

(A) Respect for the views of spouses
(B) Opportunities for spouses to pursue goals
(C) Abuse of rights and freedoms by wives
(D) Cooperation between married partners

4. John, Simon and Harry are cousins who live in the same house. '
Which of the following terms BEST describes their relationship?
(A) Peers
(B) Siblings
(C) Relatives
(D) Contemporaries

5. Some adolescents challenge the  views and attitudes of adults. Such a situation is characteristic of
(A) peer pressure
(B) sibling ri \airy
(C) generation gap
(D) parental pressure








































































































































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