definitions 2.1 Flashcards
Assets
items owned by a business
boycott
pressure by public groups against unfair trade and employment practices
corporate social responsibility
when a business take responsibility for the ethical and environmental impacts
culture
the accepted attitudes and practices of staff at a workplace
degree of competition
extent to which a firm can influence the demand price for its output by varing its supply offer
dividend
a percentage of a businesses profit that is paid to the shareholders
domestically
at home
e commerce
using the internet to carry out business transactions
entering markets
when a company decides to open up in a market it has not been in before
environment
the condition of the natural world that surrounds us
environmental considerations
factors relating to green issues
ethical considerations
thinking about ethics
ethics
the understanding of morals and whats right and wrong
exiting the market
choosing to leave a market because it was lose making and looked set to continue
exports
the flow of goods and services out of a country to another
external growth
growing by buying up a business or merging with a business of equal size
fair trade
a social movement whose goal it is to help producers in developing countries achieve better trading conditions and promote sustainability
finite resource
a resource that does not renew itself at a sufficient rate
free trade
trade between countries with no barrios
globalization
when businesses operate on a global scale and gain international influence and power
green audit
an assessment of a business in terms of its impact on the environment
imports
the flow of goods and services into a country from another
interest
the cost of borrowing or a percentage of the amount of money borrowed that must be repaid in addition to the original amount borrowed
innovation
bringing a new idea to the market
