Flashcards
3.5 Keywords - Wider World Affecting Business
Flashcards do conjunto (10)
- 1Business EthicsIdeas about what is morally correct or not, applied in a business situation
- 2Supply ChainThe processes that are involved in the route taken by a product from the raw materials needed to create it right through to the final customer
- 3Developed CountriesCountries with a relatively high income per person
- 4ImportAn import is the purchase of a good or service from a foreign business that leads to a flow of money out of the UK. The UK buyer will have to change pounds into the seller’s currency to make the transaction
- 5ExportAn export is the sale of a good or service to a foreign buyer that leads to a flow of money into the UK. The foreign buyer will have to change their currency into pounds to complete the purchase
- 6Protectionist policiesMeasures designed to reduce foreign products coming into a country but give an advantage to domestics firms to sell products at home or export products
- 7Tariffs or customs dutiesTaxes put on goods imported into a country which make them more expensive
- 8QuotasLimits on the physical number of goods that can be imported over a period
- 9Export subsidiesMeasures that reduce the price of goods sold abroad
- 10Minimum wagesThe lowest payment for hour, day or week that can be given to a worker for their work
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- GCSE Business studies FlashCards sobre 3.5 Keywords - Wider World Affecting Business, criado por Mr_Lambert_Hungerhil em 21-01-2016.
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- Mr_Lambert_Hungerhil
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