GoConqr hat ein neues Design! Sag uns, wie es dir gefällt.

Kostenlos registrieren

Karteikarten

Business - Important Terms to Know

Gelöschter Nutzer Der Nutzer hat seine Fachbereichs-Information gelöscht. Englisch 35 Karten

Karten in diesem Stapel (35)

  1. 1Buffer StockThis is the MINIMUM amount of stock held by a business AT ALL TIMES
  2. 2Cumulative CashThis is the BUILD UP of cash in a business' bank account
  3. 3Adding ValueIMPROVING a PRODUCT/SERVICE so that it is worth more than its bought-in cost
  4. 4DividendsThese are PAYMENTS to SHAREHOLDERS which are paid at the end of the year
  5. 5Marketing Mix4 Ps: PRICE, PRODUCT, PROMOTION, PLACE
  6. 6Primary ResearchThis is research that is BRAND NEW and has not been collected previously
    E.g. An interview or questionnaire
  7. 7Secondary ResearchThis type of research has ALREADY BEEN GATHERED PREVIOUSLY
    E.g. Web research or MINTEL reports
  8. 8StakeholderThis is an individual/group that HAS AN INTEREST in the SUCCESS OF A BUSINESS or who is INVOLVED in it
  9. 9Sales ForecastsThese are PREDICTED FUTURE SALES of a product
  10. 10EntrepreneurSomeone with a BUSINESS IDEA
  11. 11Social EntrepreneurSomeone who sets up a business TO BENEFIT SOCIETY
    (money is NOT the first priority)
  12. 12ProductSomething TANGIBLE (you can touch it)
  13. 13ServiceSomething INTANGIBLE (you can't touch it)
  14. 14Sole TraderSomeone who is the EXCLUSIVE OWNER of a business
  15. 15PartnershipBetween 2 and 20 people (divide profits/shares)
  16. 16Venture CapitalistsPeople who want to INVEST MONEY into a business
    (E.g. Dragon's Den)
  17. 17InsolvencyThe INABILITY TO REPAY DEBTS as they become due
  18. 18Quantitative DataFactual information
  19. 19Qualitative DataInformation about opinions and views
  20. 20Fixed costsThese are costs which DO NOT CHANGE WHEN OUTPUT CHANGES
    E.g. water, rent, electricity, insurances, heat
  21. 21Variable CostsThese are costs which CHANGE WHEN OUTPUT CHANGES
    E.g. raw materials
  22. 22ProfitRevenue - total costs
  23. 23RevenuePrice of products x quantity sold
  24. 24PatentLEGAL PROTECTION for the originator of a TECHNICAL BREAKTHROUGH
  25. 25Cash FlowThis is the FLOW OF CASH going INTO and OUT OF a business
  26. 26Centralised Organisation (centralisation)An organisation in which MOST DECISIONS are MADE AT HEAD OFFICE
  27. 27Decentralised Organisation (decentralisation)An organisation which ALLOWS STAFF TO MAKE DECISIONS at a local level
  28. 28Primary StakeholdersPeople/groups SEEN BY THE BUSINESS to be FUNDAMENTAL TO ITS SUCCESS OR FAILURE
    E.g. staff/shareholders
  29. 29Secondary StakeholdersPeople/groups who FEEL INVOLVED in a business' SUCCESS OR FAILURE, whether or not the management agrees
    E.g. pressure groups, local community, residents
  30. 30CommodityA RAW MATERIAL which can be BOUGHT OR SOLD
  31. 31CopyrightThis is LEGAL OWNERSHIP OF MATERIAL which prevents it from being copied
    E.g. music, books, films
  32. 32Net Monthly CashThe month's cash inflow - the month's cash outflow
  33. 33LiquidationThis is the SELLING OF A FIRM'S ASSETS so that it can PAY OFF ITS DEBTS
  34. 34ShareholderSomeone that OWNS A SHARE in a business
  35. 35Business PlanA FORMAL DOCUMENT which sets out a NEW BUSINESS IDEA and how it is planned to make it succeed

Informationen

Beschreibung
Key terms for GCSE Business Studies
Erstellt von
Gelöschter Nutzer · Okt 2016
Aktualisiert
21 Okt 2016
Aufrufe
196
Verlauf
  • Erstellt von Dani Whitrick · 30 Mär 2015
  • Kopiert von Tony Watson · 17 Okt 2016
Bewertung

Feedback

Worum geht es?

Wie gefällt dir das neue Design?

Dein Eindruck