AS Business Definitions 0.0 / 5 ? Business StudiesAll TopicsASAll boards Created by: TopazMarieBakerCreated on: 19-05-16 09:27 Employees are seen as the most valuable asset and should be developed to maximize their value to the organisation. Soft HR Approach 1 of 15 Shows the agreed plan for cost or expenditure of the business over a set period of time Expenditure Budget 2 of 15 Making sure that the workers do not perform the same job role too often Job Rotation 3 of 15 When responsibility is passed down to subordinates by managers Delegation 4 of 15 The combination of marketing choices that can be used by a business to influence customers to buy a product The Marketing Mix 5 of 15 When a business uses an outside supplier Outsourcing 6 of 15 The totality of features and characteristics of a product or service that satisfies customers Quality 7 of 15 Occurs when managers reduce waste and therefore operations become more efficient Lean Production 8 of 15 A sign which distinguishes the goods and services of a business from those of its competitors Trade Mark 9 of 15 Pricing items at a level determined by the level of demand Dynamic Pricing 10 of 15 The job role is made larger with more tasks on the same level of ability and responsibility Job Enlargement 11 of 15 A person or group that have an interest in the business Stakeholder 12 of 15 Measures the sales level in a given time period in pounds sterling Sales Value 13 of 15 Purchasing assets such as property, vehicles and machinery that will be used for a considerable time by the business Investment 14 of 15 Entails passing authority from the center of an organisation to those working elsewhere in the business Decentralisation 15 of 15
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