2.1 business growth

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  • Created by: zuzia1
  • Created on: 11-10-18 11:53
internal growth
organic - when a business expands from within
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external growth
inorganic - when a business grows by joining with another business
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merger
where two or more businesses agree to become intergrated to form one business under joint ownership
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takeover
where one business buys another business
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public limited company
plc - a company able to offer shares to the public on the stock exchange. owners and the company are seperate legal entities. companies finances are separate to owners finances. shareholders have limited liability
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legal structure
type of ownership that a business choses e.g. sole trader, private limited company
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retained profit
profit kept within the business from profit after tax to help finance future activity
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sale of assets
selling something that the business owns in order to receive a cash injection. refers more to the sale of long term or fixed assets
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loan capital
set amount of money borrowed, mainly from a bank usually for a specific purpose to be paid back at a later date
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share capital
money invested in a company by the share holders in return for their investment, shareholders gain a share of the ownership of the company and can expect a share of the profit
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aim
what the business wants to achieve in the long term
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objective
measurable targets that the business will take to achieve their aim
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globalisation
the world becoming more connected as a result of trade
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uk imports
products made overseas and sold in the uk
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uk exports
products made in the uk and sold over seas
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location
place where a business chooses to site their operations
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market
potential or actual customers for a product
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economies of scale
cost advantages from business expansion e.g. being able to buy items in bulk making the cost per item much cheaper
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multinational
a business that has operations in more than one country
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tariff
tax on imports
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quota
limits on level of imports allowed from a country
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trade bloc
group of countries that join together to reduce barriers of trade
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e-commerce
when buyers and sellers come together to trade in a virtual location
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marketing mix
combination of product, price, promotion and place in a business venture
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business ethics
moral standards by which business behaviour is judged
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trade-offs
when or more things are given up in order to achieve an alternative
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enviromental considerations
look at how business activities and consumer impact on the natural world
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pressure groups
people with a common cause or interest to raise public awareness to try to change the behaviour of businesses
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profit
amount of revenue left over once total costs have been deducted
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stakeholder
anyone with a vested interest in the actions of the business
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shareholder
an owner of shares in a company
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share
an individual part/piece of the company
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Other cards in this set

Card 2

Front

inorganic - when a business grows by joining with another business

Back

external growth

Card 3

Front

where two or more businesses agree to become intergrated to form one business under joint ownership

Back

Preview of the back of card 3

Card 4

Front

where one business buys another business

Back

Preview of the back of card 4

Card 5

Front

plc - a company able to offer shares to the public on the stock exchange. owners and the company are seperate legal entities. companies finances are separate to owners finances. shareholders have limited liability

Back

Preview of the back of card 5
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