Economics

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Debenture
A long term loan, usually with a person often secured on a property.
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Theory X
Workers are lazy and don't want to work.
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Theory Y
Workers are responsible and motivated.
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Quantitive Research
Research that produces numerical data.
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Qualitative
psychological research that finds out the tastes and preferences of consumers.
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Production plan
The details of how a product or a service is to be developed and produced for consumption.
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Price skimming
Initial high prices
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Operating profit margin
operating profit shown as a percentage of turnover
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Market segmentation
The splitting up of the market into groups of consumers with similar characteristics
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Market Niche
A small, but profitable part of an overall market
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Creditor
A person the business owes money too.
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Debtor
Someone who owes money to the business.
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Other cards in this set

Card 2

Front

Workers are lazy and don't want to work.

Back

Theory X

Card 3

Front

Workers are responsible and motivated.

Back

Preview of the back of card 3

Card 4

Front

Research that produces numerical data.

Back

Preview of the back of card 4

Card 5

Front

psychological research that finds out the tastes and preferences of consumers.

Back

Preview of the back of card 5
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