Business Vocab 7 Flashcards
Social audit
A report of the impact of business has on society
Social enterprise
Re-invests most of its protits into benefiting society
Soft HRM
Focuses on employee development for them to reach self-fulfillment
Sole trader
Provides permanent finance, has ful control and able keep all profit
Start up capital
Capital needed for entreprenuer to start up a business
Stateöment of financial position
A statement that records the values of a businesses assets, liabilities and shareholders equity at one point in time
Straight line depreciation
A constant amount of depreciation is subtracted from the value of assets each year
Sustainability
Activities that meet the needs of the present
SWOT
Analyses main internal strangts and weaknesses, external oppurtunities and threats
Tengible attributes
Measurable features of products
Tarrif
A tax imposed on an imported product
Reshoring
Transferring a business operation that was moved overseas back to the country where it was originally relocated
Retained earnings
Profit after tax retined
Revenue expenditure
Spending on all costs and assets other than non current assets
Sales forecasting
Predicting future sales levels and sales trends
