The Business Enviroment 0.0 / 5 ? Business & Communication SystemsAdministrationGCSEAQA Created by: JuanVeloCreated on: 23-12-15 17:55 Aim A broad statement of what a business would like to achieve over a longer period of time 1 of 12 Objective A specific target for a business to meet, which helps them to achieve their overall aim(s) 2 of 12 Growth The increase in size of a business's sales or profits 3 of 12 Profitability The ability of a business to make profits 4 of 12 Market share The amount of sales a business has compared to the whole market, usually expressed as a percentage 5 of 12 Stakeholder a person or group with an interest in a business 6 of 12 Trade union An organisation that employees can join, which represents their interests 7 of 12 Ethics Principles and values that influence how a business is run 8 of 12 Cashflow The amount of money flowing into the business from selling, and flowing out to buy materials and pay bills 9 of 12 Profit The difference between the money a business receives from selling and the money it spends on running the business 10 of 12 Sustainability Running a business that cares about the resources it uses. 11 of 12 Legislation Laws are passed to make sure that businesses are responsible 12 of 12
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