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Business keywords > Business activity 2 > Flashcards

Business activity 2 Flashcards

1
Q

Venture capitalists

A

Specialist investors who provide money for business purposes. Often to new businesses.

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2
Q

Limited companies

A

Business that have a separate legal identity from that of the owner.

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3
Q

Limited liability

A

Shareholders are legally responsible for the debts of the business depending on how many shares they own.

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4
Q

Chairperson

A

Someone who is in charge of a meeting or directs the work of a committee or organization

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5
Q

Certificate of incorporation

A

Document needed before a new company can start dong business.

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6
Q

Private limited company

A

A company with limited liability that does not sell shares publicly.

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7
Q

Stock market

A

A market for shares in public limited companies

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8
Q

Public limited companies

A

Companies that have limited liability that sell shares publicly

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9
Q

Prospectus

A

A document produced by a company that wants the public to buy its shares.

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10
Q

Regulatory control

A

Official power to control an activity and make sure it is done in a satisfactory way

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11
Q

Flotation

A

The process of a company going public

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12
Q

Multinational company

A

A large business that operates in 2 or more countries

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13
Q

Issue

A

The sale of new shares

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14
Q

Productivity

A

Rate at which good are produced in relation to time taken, work force and money used.

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15
Q

Public corporation

A

Business owned by the Government

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16
Q

Infrastructure

A

Basic systems and structures that a country/organization needs in order to work properly.

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17
Q

Natural monopoly

A

A market in which it is more efficient to have just one organization meeting the total demand

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18
Q

Subsidies

A

Paying part of costs

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19
Q

Privatization

A

Transfer of public sector organization to a private sector organization

20
Q

Primary sector

A

Production involving the extraction of raw materials from the Earth.

21
Q

Secondary sector

A

Production involving the covert ion of raw material to finished/semi finished goods.

22
Q

Assembly plant

A

Factory where parts are put together to make a finished product.

23
Q

Tertiary sector

A

Production of services in the economy

24
Q

De industrialization

A

Decline on manufacturing

25
Q

Brownfield sites

A

Areas of land that where once used for urban development

26
Q

Green field sites

A

Previously undeveloped areas of land usually on the outskirts of cities and towns

27
Q

Assisted Area

A

Areas that have economic problems and are targeted to recieve help in various forms.

28
Q

Viability studies.

A

Careful study of how a planned activity will work, how much it will cost, and what income it is likely to bring.

29
Q

Trade bloc

A

Group of countries situated in the same region that join together and enjoy free trade barriers

30
Q

Emerging economies

A

Rapidly growing economies

31
Q

Globalization

A

The growing integration of the world economies

32
Q

Intellectual property

A

People knowledge or creative ideas that have commercial value and are protectable I de various forms of copyright.

33
Q

Monetary system

A

System of money in a country or in the world and the way it is controlled by governments and central banks

34
Q

Saturate

A

To offer so much of a product for sale that there is more than people want to buy

35
Q

Predator

A

Business that uses other businesses weaknesses to get advantages

36
Q

Hostile takeover

A

Takeover that the company being taken over does not want to agree with

37
Q

Bid

A

Offer to pay a particular price for something

38
Q

Commodities

A

Products that are bought the sold. GOLD

39
Q

Patents

A

A legal document giving a person/company the right to sell a product/way of doing something, now one else can do or sell what is patented

40
Q

Ventures

A

New business activities that involve taking risks

41
Q

Currency reserves

A

Money in a foreign currency held by a country and used to support its own currency and to pay for imports and debts

42
Q

Human capital

A

People and their skills

43
Q

Enterprise

A

Activity of starting a new business

44
Q

Exploitation

A

Situation in which you treat someone unfairly by asking them to do so something for you and you give very little in return

45
Q

Repatriation

A

Where a multinational returns the profits from and overseas venture to where it is based

46
Q

Livelihood

A

Way you earn money in order to live

47
Q

Portfolio

A

Collection of businesses interests or products

Business keywords (8 decks)

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