Business Vocab Flashcards
Acid test ratio
Compares liquid assets to current liabilities
Added value
The difference between the cost of purchasing materials and selling price of the finished goods
Adding value
Increasing the difference between the cost of materials and the selling piece of the finished goods
Annual (company) report
A dock met that gives details of companies activities over the year including its financial accounts
Anseff matrix
Market penetration, market development, product development and diversification
Asset
An item et monetary value that is owned by a business
Autocratic management
One manager takes all decisions with very little if any input by others
Batch production
Limited number of some product
Benchmarketing
Comparing the business against the performance standards of the best business some in the industry.
Blue ocean strategy
Exploits uncontested market space through productdifferentiation and low cost
Boston matrix
Analysis the product portfolio of a business in teams of market share and market growth
Brand
Identifying symbol, name, image or trademark
Branding
The process et differentiate a product by developing a symbol, name, image, trademark
Break-even analysis
Uses cost and revenue
Break - ever point
A level of output at which total costs equal to revenue neither a profit nor a loss
Butter inventory
Minimum inventory level that should be held
Business investment
Expenditure by business o capital equipment
Business objective
A stated measurable target that a business plans to achieve
Capacity utilization
The proportion of maximum output capacity currently being achieved
Capital employed
The total value of all long-team finance invested in the business
Capital expenditure
The purchase et non-current assets that are expected to last more than 1 year
Capital goods
The physical goods used by industry to aid in the production of other goods and services
Capital intensive
İnvolving a high quantity of of capital equipment compared with labour input
Cash flow
The sum of cash payments to a bjusiness less the sum of cash payments from the business
Cash flow forecast
An estimate of the future cash inflows and outflows
Cell production
Flow production split into self contained groups that are responsible for a complete unit of work
Closing cash balance
Cash held by a business at the end of the month
Coding
Process of labeling and organising quantitative data to identify the main themes and the links between them
Collusion
Businesses agree to work together by fixing prices sharing contrasts between them
