Business Studies key terms

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Brand name
a name, term, sign, symbol, design or any other feature that allows consumers to identify the goods and services of a business and to differentiate them from those of competitors
1 of 10
E-commerce
conducting business transactions online
2 of 10
Online retailing/e-tailing
the retailing of goods online
3 of 10
Market
a set of arrangements that allows buyers and sellers to communicate and trade in a particular range of goods and services
4 of 10
Marketing
a management process involved in identifying, anticipating and satisfying consumer requirements profitably
5 of 10
Market Share
the proportion of total sales in a particular market for which one or more businesses or brands are responsible. It is expressed as a percentage and can be calculated by value or volume.
6 of 10
asset *********
the practice of buying businesses and breaking them up. The profitable parts are sold for cash and the rest are closed down
7 of 10
evidence- based decision making
an approach to decision making that involves gathering information and using a systematic and rational approach to reach a conclusion
8 of 10
Long term
the time period where decisions have an impact on the vision, mission, and objectives of a business - typically less than five years
9 of 10
strategic decisions
decisions
10 of 10

Other cards in this set

Card 2

Front

E-commerce

Back

conducting business transactions online

Card 3

Front

Online retailing/e-tailing

Back

Preview of the front of card 3

Card 4

Front

Market

Back

Preview of the front of card 4

Card 5

Front

Marketing

Back

Preview of the front of card 5
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