inorganic - when a business grows by joining with another business
2 of 32
merger
where two or more businesses agree to become intergrated to form one business under joint ownership
3 of 32
takeover
where one business buys another business
4 of 32
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
5 of 32
legal structure
type of ownership that a business choses e.g. sole trader, private limited company
6 of 32
retained profit
profit kept within the business from profit after tax to help finance future activity
7 of 32
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
8 of 32
loan capital
set amount of money borrowed, mainly from a bank usually for a specific purpose to be paid back at a later date
9 of 32
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
10 of 32
aim
what the business wants to achieve in the long term
11 of 32
objective
measurable targets that the business will take to achieve their aim
12 of 32
globalisation
the world becoming more connected as a result of trade
13 of 32
uk imports
products made overseas and sold in the uk
14 of 32
uk exports
products made in the uk and sold over seas
15 of 32
location
place where a business chooses to site their operations
16 of 32
market
potential or actual customers for a product
17 of 32
economies of scale
cost advantages from business expansion e.g. being able to buy items in bulk making the cost per item much cheaper
18 of 32
multinational
a business that has operations in more than one country
19 of 32
tariff
tax on imports
20 of 32
quota
limits on level of imports allowed from a country
21 of 32
trade bloc
group of countries that join together to reduce barriers of trade
22 of 32
e-commerce
when buyers and sellers come together to trade in a virtual location
23 of 32
marketing mix
combination of product, price, promotion and place in a business venture
24 of 32
business ethics
moral standards by which business behaviour is judged
25 of 32
trade-offs
when or more things are given up in order to achieve an alternative
26 of 32
enviromental considerations
look at how business activities and consumer impact on the natural world
27 of 32
pressure groups
people with a common cause or interest to raise public awareness to try to change the behaviour of businesses
28 of 32
profit
amount of revenue left over once total costs have been deducted
29 of 32
stakeholder
anyone with a vested interest in the actions of the business
30 of 32
shareholder
an owner of shares in a company
31 of 32
share
an individual part/piece of the company
32 of 32
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
Card 4
Front
where one business buys another business
Back
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
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