gcse Business Key Terms for mocks.

15 cards

jus key terms for business.


 
  
Created Dec 15, 2008
by
yaya1

 

 
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1
Define tax
 
a payment that is made to the government through profits of organisation or salaries of wages...
2
Define target market
 
Precise group of buyers with similar characteristicswhich a business aims at. EG coco pops...
3
Define PLC
 
Public limited company, shares are sold on stock exachange, anyone can buy it. EG TESCO
4
Define LTD
 
Private limited company, shares only sold to family and friends EG NIKE
5
Investment
 
Individuals or companies invest into things such as land, buildings and shares in order to...
6
Multinationl company
 
a business which operates in atleast 2 countries, usually both selling products and producing...
7
Subsidiary company
 
a company owned by another company ratehr than individual shareholders or owners.
8
Entension Strategies EG new model for cars
 
ways in which a business modifies a product to appeal to more customers and maintain sales...
9
Intangible assets
 
Physically can't touch or see. EG brand image, good contacts.
10
Current liabilities
 
Something that a business owes, a a debt, needs to be payed back within 12 months. EG: creditors
11
Business ethics
 
the right choices that a business needs to make which are considered as socially acceptable....
12
Revenue
 
total money that a business makes by selling their products, usually calculated price x quantity...
13
Factors of production
 
assential things that a business needs to run their business. EGland, labour , capital
14
Labour
 
workers in manchester
15
Breakeven point
 
where revenue equals costs

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