Important To The Economy

Question 1

What does the term outputs mean ?

Answer 1

It measure of all of the goods and services produced in a period of time. Can be sold to another business or customers

Question 2

What is output sales ?

Answer 2

It is the value of output refers to the total of value of the goods and services produced by a company during a given period.

Question 3

What are the inputs?

Answer 3

They are actions, tasks and resources that a company or team carries out to reach A particular goal or objective.

Question 4

What does GDP mean?

Answer 4

• the office for national statistics collects data from thousands of uk companies.
• this is calculated by everyone adding up, total value of goods/ services, everyone’s income and what everyone spends money on.

Question 5

What does GDP stand for?

Answer 5

• stands for gross domestic product

Question 6

What are some facts about the animal care employment?

Answer 6

• 95% are a small business with having less then 10 employees
  -most workers are female
• people are young less then 35

Question 7

What is are land used for ?

Answer 7

71% of are land is used by farmers and land managers. They help to contribute to 0.5% of the economy. Agriculture helps to provide half of the food we eat.

Question 8

What is the animal sector to the economy ?

Answer 8

-jobs created
-money-tax-improve communities
-better standards of living
-adds national income

Question 9

What are some social positive of animal business?

Answer 9

-creates a sense of community
-has huge positive impacts

Question 10

What is employment?

Answer 10

A paid mutual work arrangement between a recruiter and and employee

Question 11

What is trends in impotance?

Answer 11

Identifying trends in consumer behaviour, market dynamics, technology, or societal values.

Then used to inform future company decisions to stay ahead of the curve.

Question 12

What is a representative business?

Answer 12

where an individual (called a “representative”) is allowed to establish and manage the company’s operations in a separate country to the businesses main area of operations.

Question 13

What is a regulatory body?

Answer 13

A government agency that enforces the country’s laws and regulations.

Question 14

What is a not-for-profit organisation?

Answer 14

A business that aims to help the community, rather than generate profit for its owners.