Business Studies - Keywords
- Created by: OliverCW
- Created on: 19-05-17 16:10
View mindmap
- Business Keywords
- Profit
- The money that is earned in a business when the costs are considered.
- Revenue
- The money a business gets given from selling product or service.
- Costs
- The money a business spends.
- USP/ Unique Selling point
- Something a business has which no other business has.
- e.g. Xbox only games
- Marketing Mix
- Product
- A physical thing the item sells
- Service
- Something the business sells which is not an item, e.g. a barbers cuts hair
- Price
- How much a business sells their product or service for
- Place
- Where ab business is located
- Promotion
- How a business adveritises their product or service
- Product
- Motivation
- How much a person wants to do something
- How much an employee wants to do something, and to what potential
- Insolvency
- When a business cannot pay the debts it's in. The owners must either stop the business or find another way to pay
- Overdraft
- An agreement with the bank, where you are able to pay over what you have and go into some debt.
- Franchises
- Franchise
- A business which has multiple places, owned by different people, under one brand. e.g. KFC
- Franchisee
- The owner of one of the business' places
- Franchiser
- The person who owns the brand and owns the company as a whole
- Franchise
- Stakeholder
- Anyone connected to the business in any way.
- Shareholder
- Someone who owns a portion of the business, or owns a certain amount of profits from it
- Profit
Similar Business Studies resources:
Teacher recommended
Comments
No comments have yet been made