definitions 3.0 / 5 based on 2 ratings ? Business StudiesStarting a businessGCSEAQA Created by: Aiden.ssssCreated on: 08-02-17 12:31 definition of business aim a stated target for the future. for example, a new business may have to survive its first year of trading. 1 of 11 definition of business objective a clearly defined target for a business to acheive over a certain period of time. 2 of 11 definition of growth an increase in turnover (sales), market share or profit 3 of 11 definition of profit what is left after costs have been deducted from revenue 4 of 11 definition of profit margin profit made as a proportion of sales revenue. 5 of 11 definition of sales the amount sold or the value sold 6 of 11 definition of market share the proportion of total market sales sold by any one business 7 of 11 definition of customer satisfaction how happy the customer is with the product or service 8 of 11 definition of ethics the moral grounds on which decisions are made and the impact the business has on its internal and external environment 9 of 11 definition of turnover the value of sales made during a trading period, also called revenue 10 of 11 definition of stakeholder an indidual or group in an interest in a business, such as employees, consumers, managers, suppliers... 11 of 11
Comments
No comments have yet been made