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Business Studies IGCSE: Sect 1-4

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Business Studies IGCSE: Sect 1-4

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About this activity

Key business terms A-Z

Created by

Agus Carrillo
Agus Carrillo
Uruguay

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Business Studies IGCSE: Sect 1-4
 

Business Studies IGCSE: Sect 1-4Online version

Key business terms A-Z

by Agus Carrillo
A
B
C
D
E
F
G
H
I
J
L
M
N
O
P
Q
R
S
T
U
V
W

Starts with A

Items of value owned by an individual or business.

Starts with B

A formal document outlining goals, strategies, and financial projections for a business.

Starts with C

Someone who buys goods or services for personal use – not to re-sell.

Starts with D

The act of giving a subordinate the authority to perform particular tasks.

Starts with E

The factors that lead to a reduction in average costs as a business increases in size.

Starts with F

The resources needed to produce good or provide services: land, labor, capital, and enterprise

Starts with G

Increase in size, revenue, or market share over time.

Starts with H

A psychologist's framework proposing motivators and hygiene factors influencing job satisfaction.

Starts with I

Hiring from within the organization rather than new outside candidates.

Starts with J

Document detailing duties and responsibilities of a particular job position.

Starts with L

The different approaches to dealing with people and making decisions when in a position of authority – autocratic, democratic or laissez-faire.

Starts with M

All the activities that go into marketing a product of service: product, price, promotion, and place.

Starts with N

Small, specialized segment of a larger market with specific needs and low number of sales.

Starts with O

The next best alternative forgone when making a choice.

Starts with P

Techniques used to transform inputs into outputs: Job, batch and flow.

Starts with Q

Checking quality throughout the production process, done by employees.

Starts with R

Income generated from selling goods or services (price x quantity sold)

Starts with S

Owners who hold shares and partly own the company.

Starts with T

Sum of all expenses (variable and fixed) incurred in producing goods or services.

Starts with U

Owners are personally responsible for all debts and obligations. Their own assets are at risk.

Starts with V

Strategy using social networks to spread messages rapidly. Customers are encouraged to share information about the business.

Starts with W

Weekly payment for work.

 
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