Business Studies Unit 2

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Permanent Employee
An employee who has a permanent position in a business
1 of 6
Penetration Pricing
Pricing strategy that involves the setting of lower, rather than higher prices in order to achieve a large market share
2 of 6
Payment Terms
The period of time that a supplier allows for an invoice to be settled
3 of 6
Overtime
Staff who work for less than a standard working work or day
4 of 6
Output
The finished products that result from the production process
5 of 6
Organisational Structure
The way that the roles and responsibilities within an organisation are structured
6 of 6

Other cards in this set

Card 2

Front

Penetration Pricing

Back

Pricing strategy that involves the setting of lower, rather than higher prices in order to achieve a large market share

Card 3

Front

Payment Terms

Back

Preview of the front of card 3

Card 4

Front

Overtime

Back

Preview of the front of card 4

Card 5

Front

Output

Back

Preview of the front of card 5
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