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Business Basics: Vocabulary & Concepts Worksheet

Worksheet
Grade 10
English

Business Basics: Vocabulary & Concepts Worksheet

Business Basics: Vocabulary & Concepts

Name: ___________________________ Date: ____________________________ Grade Level: Grade 10 Business Studies


Activity 1: Fill-in-the-Gaps

Instructions: Read the sentences below and choose the most appropriate business term from the word bank to fill in the blanks. Each word is used only once.
Word Bank:
Marketing, Profit, Cost, Supply Chain, Customer, Revenue
  1. The total amount of money a business brings in from selling goods or services before any expenses are deducted is called ______________________.
  1. To determine the ______________________, a business owner must subtract all expenses (like rent and wages) from the total money earned.
  1. The company launched a new social media ______________________ campaign to build brand awareness among teenagers.
  1. Every ______________________ who walks into a retail store provides an opportunity for a sale and feedback on products.
  1. The ______________________ represents the entire network of individuals and companies involved in creating a product and delivering it to the end user.
  1. The ______________________ of production includes everything from raw materials to the electricity used to run the factory machines.


Activity 2: Multiple Choice Questions

Instructions: Circle the correct answer for each scenario-based question.
  1. A local bakery sells 100 cupcakes for
    
    each. If the bakery spent
    
    on ingredients and
    
    on rent, what is the total Revenue?
  • A)
    
  • B)
    
  • C)
    
  • D)
    
  1. Which business function is primarily responsible for identifying what people want to buy and how to convince them to buy it?
  • A) Accounting
  • B) Manufacturing
  • C) Marketing
  • D) Human Resources
  1. If a business discovers that its Costs are higher than its Revenue, which of the following is true?
  • A) The business is making a high profit.
  • B) The business is breaking even.
  • C) The business is operating at a loss.
  • D) The business is increasing its market share.
  1. What is the primary role of a Customer in the business cycle?
  • A) To purchase and use the goods or services offered.
  • B) To provide the raw materials for production.
  • C) To manage the distribution of products to stores.
  • D) To design the visual layout of the warehouse.


Activity 3: Labeling the Supply Chain

Instructions: Study the diagram below which illustrates how a product moves from its origin to the consumer. Use the labels provided to identify each stage of the supply chain.
Labels to Use:
  • Raw Materials
  • Manufacturer
  • Distributor
  • Retailer
  • Customer
fig 1: The Business Supply Chain Diagram
fig 1: The Business Supply Chain Diagram

Fill in the names for each numbered point:
  1. 
  1. 
  1. 
  1. 
  1. 

End of Worksheet