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business
flashcards with definitions
36
Business
9th Grade
12/12/2023

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Cards

Term
Advertising
Definition
involves paid for communications
Term
Aim
Definition
  1. a general goal of business 
Term
apps or applications
Definition
pieces of software designed for a specific purpose and for use of smartphones
Term
Asset
Definition
something that is owned by a business which many examples could include land.
Term
balance sheet
Definition
another name for the statement of financial position
Term
Boston Matrix
Definition
a way of analyzing a products share and growth.
Term
Break even
Definition
the level of production that has total costs and revenue as equal
Term
Break even chart
Definition
shows a business costs and the revenues of production
Term
Cash cow
Definition
A product that has a high market share with a low growth in market
Term
Business plan
Definition
a document that sets out for the future
Term
cash flow
Definition
the money that flows into and out a busniness
Term
business planning
Definition

the process of making a business plan

 

Term
cash flow forcast
Definition
the plan of expected inflows and outflows
Term
cash show statement
Definition
a record of cash inflows
Term
centralisation
Definition

when a small number of senior managers take decisions  

 

 

 

 

Term
costs
Definition
the spending of a business
Term
customer
Definition

someone who buys a product from a business

 

Term
consumer
Definition
someone who buys goods and services
Term
company
Definition
a business that owns its legal identity
Term
competiton
Definition
a business that has its own legal identity
Term
collateral
Definition
an assest that a bank holds as a security
Term
economy
Definition
millions of consumers take decions
Term
dog
Definition
a product with a low market share
Term
dividends
Definition
financial rewards
Term
delegation
Definition
the passing of authority to more junior employees
Term
ethics
Definition
wherever a business descion is morally right
Term
Franchise
Definition
when a franchisor sells its products to someone
Term
interest
Definition
a payment made in order to borrow money
Term
growth
Definition
when a business sells its products
Term
good
Definition
a physical product such as a car
Term
floatation
Definition
when a ltd becomes a plc with its shares listed.
Term
delayering
Definition
the removal of one or more levels from the heirechy
Term
gross profit
Definition
the business sales revenue minus the cost of its sales
Term
loss
Definition
amount of businesses costs are larger than its revenue from all of its sales.
Term
markets
Definition
exist where there are buyers and sellers
Term
overdraft
Definition
a flexible loan which businesses can use whatever necessary up to an agreed limit
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