Business Studies Unit 2 Definitions 0.0 / 5 ? Business StudiesDefinitionsASAQA Created by: Laura WijsmullerCreated on: 24-03-14 20:48 Sale and Leaseback A method of raising finance involving a business selling a major asset and then leasing the same asset back from the new owner 1 of 8 Robotics The science and technology of robots, and their design, manufacture and application 2 of 8 Return on capital A measure of the return made by investing in a business or business project 3 of 8 Rationalisation Reorganising production in order to increase productivity and efficiency and often involves closure or relocation of production capacity 4 of 8 Quality control The inspection of products as part of a sampling process to ensure that the right production standards have been achieved 5 of 8 Quality assurance Organising every process to get the product ‘right first time and prevent mistakes ever happening 6 of 8 Quality Where a product meets a customer’s requirements 7 of 8 Public Relations The promotion of a business through news stories, sponsorship and similar activities 8 of 8
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