The Business Enviroment

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Aim
A broad statement of what a business would like to achieve over a longer period of time
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Objective
A specific target for a business to meet, which helps them to achieve their overall aim(s)
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Growth
The increase in size of a business's sales or profits
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Profitability
The ability of a business to make profits
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Market share
The amount of sales a business has compared to the whole market, usually expressed as a percentage
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Stakeholder
a person or group with an interest in a business
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Trade union
An organisation that employees can join, which represents their interests
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Ethics
Principles and values that influence how a business is run
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Cashflow
The amount of money flowing into the business from selling, and flowing out to buy materials and pay bills
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Profit
The difference between the money a business receives from selling and the money it spends on running the business
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Sustainability
Running a business that cares about the resources it uses.
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Legislation
Laws are passed to make sure that businesses are responsible
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Other cards in this set

Card 2

Front

A specific target for a business to meet, which helps them to achieve their overall aim(s)

Back

Objective

Card 3

Front

The increase in size of a business's sales or profits

Back

Preview of the back of card 3

Card 4

Front

The ability of a business to make profits

Back

Preview of the back of card 4

Card 5

Front

The amount of sales a business has compared to the whole market, usually expressed as a percentage

Back

Preview of the back of card 5
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