unit 1 revision cards

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Stakeholder
A person who is affected by the activities of a business
1 of 19
Entrepeneur
Someone who is willing to take risks when starting a business
2 of 19
Cash flow
Inflows and outflows of a business
3 of 19
Risk
Possibilty of something going wrong/downsides
4 of 19
Cash flow forecast
Plan of the expected inflows and outflows of a business
5 of 19
Market share
Sales of one product compared to total market shares
6 of 19
Revenue
Income from goods and services
7 of 19
Mortgage
Loans from banks to buy land/buildings
8 of 19
Overdraft
Gives you the right to borrow variable amounts up to an agreed limit
9 of 19
Interest
Extra payment made when borrowing money so the loaners can make a profit
10 of 19
Customer service
Part of a business' activities that involves meeting customer needs
11 of 19
Sole trader
Setting up a business that only an individual owns
12 of 19
Unlimited liability
If a business can't pay of debts then your possesions may be taken to pay it off
13 of 19
Public sector organisation
Organisation owned by the government
14 of 19
Shareholder
A person who owns part of a business in the form of shares
15 of 19
Private sector organisation
Organisation owned by private individuals
16 of 19
Market segmentation
A group of similar needs within a market
17 of 19
Cash flow statement
Historical record of a business' inflows and outflows
18 of 19
Loss
Costs greater than revenues
19 of 19

Other cards in this set

Card 2

Front

Someone who is willing to take risks when starting a business

Back

Entrepeneur

Card 3

Front

Inflows and outflows of a business

Back

Preview of the back of card 3

Card 4

Front

Possibilty of something going wrong/downsides

Back

Preview of the back of card 4

Card 5

Front

Plan of the expected inflows and outflows of a business

Back

Preview of the back of card 5
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