Definitions for Unit 3 Business Studies

1. The goals or targets of each of the functional areas of a business, usually based on its corporate objectives (10, 10)
7. Anything that can interfere with the receipt of a message (5)
8. A policy of implementing small, incremental changes in order to achieve better quality or efficiency (6)

1. The amount of time that non-critical activities within a project can be delayed without affecting the deadline for completion of the project as a whole (5, 4)
2. A prediction of the level of sales revenue for individual products or for the organisation as a whole (5, 8)
3. Medium-long term goals or targets that must be achieved in order to realize the stated aims of an organisation or department. (10)
4. Where companies give responsibility for some of their activities, such as IT support, catering or manufacturing processes, to other businesses (11)
5. A method of assessing a firm's financial situation by comparing two sets of linked data (5, 8)
9. A disagreement between management and the trade union representing the employees (10, 7)
10. The sequence of activities in a project that must be completed within a designated time in order to prevent any delay in overall completion of the project (8, 4)

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