Unit 2 Key Terms

HideShow resource information

1. Bad debt?

  • Adding value to the products or services.
  • Where a customer that has bought goods and services on credit proves unable to pay the amount due.
  • The proportion of employees absent at given period of time.
  • The process of dividing a market into smaller sections.
1 of 7

Other questions in this quiz

2. Added value?

  • The share of the total market.
  • The proportion of employees who are not at work over given period of time.
  • The result of "adding value". Added value is the difference between the price of the finished product and the costs incurred in making it.
  • The responsibility for the success and failure of the business.

3. Agent?

  • The share of the total market.
  • An intermediary who arranges transactions between supplier and a customer.
  • Planning, collecting and analysing the data.
  • Adding value to the product or service.

4. Accountability?

  • The process of planning and collecting information.
  • Where an employee is responsible for the success or failure of a project, investment or policy.
  • The process of dividing the market.
  • The proportion of employees who are not at work over given period of time.

5. Automation?

  • The share of the total market.
  • The replacement of workers with machines to perform task in production.
  • Adding value to the product or service.
  • The process of dividing a market into smaller sections.

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Key terms resources »