TATA & CHAEWON Flashcards
A type of business with “private” ownership, in which shares are not traded on the stock market and can only be sold with the consent of other shareholders.
Private limited company
This refers to the money coming into a business, usually from the sale of goods and/or services.
Revenue
The formal process of assessing an employee’s performance by comparing actual performance against goals.
Appraisal
Aims to encourage customers to make a purchase, to switch from rival products and to create brand loyalty. To entice customers to buy their products, firms might adopt product differentiation techniques such as branding to create a unique identity or to enhance the product’s image.
Promotion
The process of providing opportunities for workers to acquire employment-related skills and knowledge.
Training
It measures how much output a company can produce from resources such as labor, capital or raw materials.
Productivity
An organisation’s operations arises from mergers or takeovers, rather than from an increase in the firm’s own business activity.
External growth
The units of equity ownership in a business
Shares
The amount of after-tax and interest business net income that is held in an account without being paid to shareholders.
Retained profits
A type of commerce transaction that exists between businesses, such as those involving a manufacturer and wholesaler or retailer.
Business-to-business (B2B)
A general explanation of human behaviour which seeks to explain why human beings respond to stimuli in particular ways.
Motivation
A retail model where products move directly from a business to the end user who has purchased the goods or service for personal use.
Business-to-consumer (B2C)
A type of sampling method in which the total population is divided into smaller groups or strata.
Stratified sampling
When a business sells a product or service to an individual consumer for his or her own use.
Retail Sale
Sources of funding that are outside the business/organization
External finance
