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Side A ------ Side B
Define tax ------ a payment that is made to the government through profits of organisation or salaries of wages of individuals. EG income tax and VAT tax.
Define target market ------ Precise group of buyers with similar characteristicswhich a business aims at. EG coco pops is aimed at children.
Define PLC ------ Public limited company, shares are sold on stock exachange, anyone can buy it.
EG TESCO
Define LTD ------ Private limited company, shares only sold to family and friends
EG NIKE
Investment ------ Individuals or companies invest into things such as land, buildings and shares in order to get a greater return at the end of the year. 
Multinationl company ------ a business which operates in atleast 2 countries, usually both selling products and producing them in these countries. EG Unilever(Uk/dutch)
Subsidiary company ------ a company owned by another company ratehr than individual shareholders or owners. 
Entension Strategies
EG new model for cars ------ ways in which a business modifies a product to appeal to more customers and maintain sales over a longer period in the product life cycle. 
Intangible assets ------ Physically can't touch or see.
EG brand image, good contacts.
Current liabilities ------ Something that a business owes, a a debt, needs to be payed back within 12 months. EG: creditors
Business ethics ------ the right choices that a business needs to make which are considered as socially acceptable. EG: not using child labour, good working conditions.
Revenue ------ total money that a business makes by selling their products, usually calculated price x quantity sold. EG kelloggs sales $10,907 in 2006. 
Factors of production ------ assential things that a business needs to run their business. EGland, labour , capital
Labour ------ workers in manchester
Breakeven point ------ where revenue equals costs

Side A ------ Side B
Define tax ------ a payment that is made to the government through profits of organisation or salaries of wages of individuals. EG income tax and VAT tax.
Define target market ------ Precise group of buyers with similar characteristicswhich a business aims at. EG coco pops is aimed at children.
Define PLC ------ Public limited company, shares are sold on stock exachange, anyone can buy it.
EG TESCO
Define LTD ------ Private limited company, shares only sold to family and friends
EG NIKE
Investment ------ Individuals or companies invest into things such as land, buildings and shares in order to get a greater return at the end of the year. 
Multinationl company ------ a business which operates in atleast 2 countries, usually both selling products and producing them in these countries. EG Unilever(Uk/dutch)
Subsidiary company ------ a company owned by another company ratehr than individual shareholders or owners. 
Entension Strategies
EG new model for cars ------ ways in which a business modifies a product to appeal to more customers and maintain sales over a longer period in the product life cycle. 
Intangible assets ------ Physically can't touch or see.
EG brand image, good contacts.
Current liabilities ------ Something that a business owes, a a debt, needs to be payed back within 12 months. EG: creditors
Business ethics ------ the right choices that a business needs to make which are considered as socially acceptable. EG: not using child labour, good working conditions.
Revenue ------ total money that a business makes by selling their products, usually calculated price x quantity sold. EG kelloggs sales $10,907 in 2006. 
Factors of production ------ assential things that a business needs to run their business. EGland, labour , capital
Labour ------ workers in manchester
Breakeven point ------ where revenue equals costs