Business Studies Key Words

Corporation tax; a tax on the profit of a Limited Company

Supply Chain; is the organizations and people that move raw materials to the end product which the consumer purchases.

Income tax; paid on the profits a business makes, either sole trader, partnership or through the PAYE system as a deduction from earned income

Discrimination; acting unfairly against someone because of an aspect that does not affect their ability to do the job, and is usually something over which they have no control, such as skin colour, gender or a disability.

Repeat Purchase; when…