BUSS2 key terms page one

1. delegation power to employees so they can make their own decisions (11)
4. a source of finance where business receives a proportion of the amount owned by the trade debtors from a speicalist finance provider (9)
5. the replacement of workers with machines to perform task in production (10)
6. the structure and number of layers of management and supervision in an organisation (9)
9. a method of distribution which involves a business transacting with a customer without the use of intermediaries (6, 7)
10. the use of a trade name, symbol, logo or other device to differentiate a product or service (8)

2. the businesses that compete for a share of the market (11)
3. the ways in which a business meets the needs and wants of its cusomers (8, 7)
7. the process of exchanging information and ideas between individuals or groups (13)
8. a detailed plan of income and expenses expected over a certain period of time (6)

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