unit 1 revision cards 0.0 / 5 ? Business & Communication SystemsUNIT 1GCSEEdexcel Created by: jamusic99Created on: 05-03-14 14:58 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
Comments
No comments have yet been made