Business definitions

  • Created by: Zoe
  • Created on: 03-06-13 14:02

Term

Definition

Income budget

Expenditure budget

Profit budget

Favourable variance

Adverse variance

Cash flow

Span of control

Narrow span of control

Wide span of control

Delegation

Vertical communication

Horizontal communication

Job enrichment

Job enlargement

Job rotation

Quality

Quality control

Quality assurance

Total quality management

Niche marketing

Mass marketing

Product portfolio analysis

Product life cycle

Extension strategies

Penetration pricing

Price skimming

Price leaders

Price takers

Psychological pricing

Perfect competition

Oligopoly

Monopoly

Comments

branbonser

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Great Revision Tool, was very helpful, thankyou!