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Bussones > definitions 2.1 > Flashcards

definitions 2.1 Flashcards

1
Q

Assets

A

items owned by a business

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2
Q

boycott

A

pressure by public groups against unfair trade and employment practices

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3
Q

corporate social responsibility

A

when a business take responsibility for the ethical and environmental impacts

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4
Q

culture

A

the accepted attitudes and practices of staff at a workplace

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5
Q

degree of competition

A

extent to which a firm can influence the demand price for its output by varing its supply offer

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6
Q

dividend

A

a percentage of a businesses profit that is paid to the shareholders

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7
Q

domestically

A

at home

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8
Q

e commerce

A

using the internet to carry out business transactions

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9
Q

entering markets

A

when a company decides to open up in a market it has not been in before

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10
Q

environment

A

the condition of the natural world that surrounds us

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11
Q

environmental considerations

A

factors relating to green issues

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12
Q

ethical considerations

A

thinking about ethics

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13
Q

ethics

A

the understanding of morals and whats right and wrong

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14
Q

exiting the market

A

choosing to leave a market because it was lose making and looked set to continue

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15
Q

exports

A

the flow of goods and services out of a country to another

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16
Q

external growth

A

growing by buying up a business or merging with a business of equal size

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17
Q

fair trade

A

a social movement whose goal it is to help producers in developing countries achieve better trading conditions and promote sustainability

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18
Q

finite resource

A

a resource that does not renew itself at a sufficient rate

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19
Q

free trade

A

trade between countries with no barrios

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20
Q

globalization

A

when businesses operate on a global scale and gain international influence and power

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21
Q

green audit

A

an assessment of a business in terms of its impact on the environment

22
Q

imports

A

the flow of goods and services into a country from another

23
Q

interest

A

the cost of borrowing or a percentage of the amount of money borrowed that must be repaid in addition to the original amount borrowed

24
Q

innovation

A

bringing a new idea to the market

25
Q

internal growth

A

growth from within a business

26
Q

loan capital

A

an external source of finance, usually a bank loan

27
Q

lobbying

A

act of attempting to influence a business and government leaders to create legislation that will help a certain group

28
Q

localise

A

restricting something to a particular place

29
Q

merger

A

when two or more businesses join together to operate as one

30
Q

multinational

A

a business with operations in more than one country

31
Q

organisational structure

A

hierarchical arrangement of authority

32
Q

pressure groups

A

organisations set up to try to influence what consumers think about the business and its environment

33
Q

product portfolio

A

a combination of two or more product families

34
Q

product range

A

the number of different product types, sizes, colors and brands

35
Q

profit margin

A

the proportion of revenue left over after costs have been deducted

36
Q

protectionist measures

A

restricting imports from other countrys through methods such as tariffs

37
Q

public limited company

A

an incorporated business that can sell shares to the public

38
Q

research and development

A

research into the new products and processes and developing the ideas that are generated through research

39
Q

retained profit

A

profit which has been held back and reinvested in the business

40
Q

retrenchment

A

forced lay off of employees by a firm, usually to cut down on its payroll

41
Q

secured

A

guaranteed because if the business fails to pay back the money the bank can take back the assets and sell it

42
Q

share capital

A

selling shares

43
Q

stake holder

A

anyone who has an interest in the business

44
Q

stock market flotation

A

the processes of changing a business to a plc by giving shares for sale on the stock market

45
Q

sustainability

A

whether or not a resource will inevitably run out in the future

46
Q

tariff

A

taxes charged only on imports

47
Q

takeover

A

when one business buys another and incorporates it ito their own business

48
Q

trade off

A

a compromise between one thing and another

49
Q

trading bloc

A

a group of countries that agree to act together to promote trade between themselves. For example the EU

50
Q

viral marketing

A

when people spread your message for you through social media

Bussones (20 decks)

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