Business Environment

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Aim
broad statement of what a business would like to achieve over a longer period of time
1 of 10
Objective
A specific target that a business wants to meet which helps them to achieve their overall goal
2 of 10
Growth
the increase in size of a business's sales or profits
3 of 10
Profitability
ability of a business to make profits
4 of 10
Market share
amount of sales a business has compared to the whole market
5 of 10
Ways of measuring success
Profitability and growth, market share, job creation, cash flow, ethics
6 of 10
Stakeholder
A person or group that has an interest in a business
7 of 10
Trade Union
an organisation that employees can join, which represents their interests
8 of 10
Legislation
laws are passed to make sure that businesses are responsible
9 of 10
Sustainability
running a business that cares about the resources it uses
10 of 10

Other cards in this set

Card 2

Front

Objective

Back

A specific target that a business wants to meet which helps them to achieve their overall goal

Card 3

Front

Growth

Back

Preview of the front of card 3

Card 4

Front

Profitability

Back

Preview of the front of card 4

Card 5

Front

Market share

Back

Preview of the front of card 5
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