Business keywords 1.0 / 5 based on 2 ratings ? Business StudiesKeywordsGCSEAQA Created by: cshepCreated on: 01-03-15 17:50 Money coming in. (Can also be called receipts) Inflow 1 of 25 Money coming out. (Can also be called payments) Outflow 2 of 25 Flow of cash in and out of a business Cash flow 3 of 25 When a business can no longer pay it's debts Insolvency 4 of 25 Plan for the development of a business giving forecasts of items such as sales, costs and cash flow Business Plan 5 of 25 Money invested or borrowed for less than a year e.g. overdraft Short term finance 6 of 25 Money invested or borrowed for over a year e.g. share capital Long term finance 7 of 25 Comes in whenever your'e dealing with borrowed money Interest 8 of 25 Process which seeks to identify and satisfy customer needs profitably Marketing 9 of 25 Mixture of factors which help the business to take into account customer needs when selling a product Marketing mix 10 of 25 Legal obligation of the owner of a business to settle all debts of the business Unlimited liability 11 of 25 When shareholders of a company are not personally responsible for the debts of the company. The most they can lose is their investment. Limited liability 12 of 25 Describes the duties of a worker Job description 13 of 25 Profile of the type of person needed Person specification 14 of 25 The desire to complete a task and meet needs of the business consistently Motivation at work 15 of 25 Wealth and resources of a country especially in terms of goods and resources Economy 16 of 25 Amount of buying and selling in a period of time Economic activity 17 of 25 Goods brought into the UK Imports 18 of 25 Goods sold out of the UK Exports 19 of 25 How much is spent in a period of time Consumer spending 20 of 25 Shows the value of 1 currency measured by how much it will buy other countries Exchange rate 21 of 25 When there's a rise in economic activity in our economy Economic growth 22 of 25 Where there are different levels of economic activity Business cycle 23 of 25 When the levels of economic growth is negative for 2 successful quarters Recession 24 of 25 People who have an interest in the activity's of a business Stakeholders 25 of 25
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