Business Studies Revision

  • Created by: MaxBeevor
  • Created on: 08-05-18 10:43
Define centralisation
Centralisation is when the major decisions in an organisation are made at the core then passed down the chain of command
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Define commission
percentage payment on a sale made to the salesperson
2 of 10
Define consumer durables
Goods used repeatedly over a period of time e.g cars
3 of 10
Define decentralisation
An organisation where decision making is pushed down the chain of command and away from the centre of the organisation
4 of 10
Define direct selling
producers selling their products directly to consumers
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Define ethical sourcing
Using a supplier that respects the environment, treats their workforce well and generally trades with integrity
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Define extension strategies
Methods used to prolong the life of a product
7 of 10
Define penetration pricing
A business which introduces a new product and charge a low price for a limited period
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Define predatory pricing
Aims to eliminate competitors from the market
9 of 10
Define a distribution channel
The route taken by a product from the producer to the customer
10 of 10

Other cards in this set

Card 2

Front

percentage payment on a sale made to the salesperson

Back

Define commission

Card 3

Front

Goods used repeatedly over a period of time e.g cars

Back

Preview of the back of card 3

Card 4

Front

An organisation where decision making is pushed down the chain of command and away from the centre of the organisation

Back

Preview of the back of card 4

Card 5

Front

producers selling their products directly to consumers

Back

Preview of the back of card 5
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