Business Expansions
Two businesses joining together.
– managing the people who work for a business.
Human Resources( HR)
– taking business property or money without permission
Theft
– deciding where a business should invest its money to achieve future benefits.
Investment Decision
– significant changes occurring internationally that can affect businesses.
Global Trends
- the risk of losing money or being unable to meet financial obligations.
Financial Risk
– attracting people to apply for a job.
Recruitment
The manner and approach in which managers of a business interact with staff.
Leadership Style
Written statement describing the duties, tasks, and responsibilities associated with a particular job.
Job description
McDonald's variation of a menu item to suit the needs and wants of customers in a particular country. E.g. Vegetarian options in India for Hindu customers
customisation
– the percentage of total market sales held by a business.
Market Share
-improving employees' skills and knowledge.
– different people are responsible for different parts of a transaction.
Segregation of Duties
– the benefit given up when choosing one option over another.
Opportunity Cost
- principles about what is considered right and wrong behaviour.
Ethics
– increasing the size, operations, sales or market presence of a business.
Business Expansion
– the rate at which employees leave and are replaced. This include voluntary and involuntary seperation
Staff Turnover
– checking financial records and procedures to ensure they are accurate.
Auditing
– the movement of money into and out of a business.
Cashflow
– a business taking responsibility for its impact on society and the environment.
CSR( Corporate Social Responsibility)
– reducing average costs as production increases.
Economies of Scale
– shared values, attitudes and behaviours within a business.
Workplace Culture
– deliberate deception for financial or personal gain.
Fraud
-an investment intended to provide benefits over a longer period.
Long Term Investment
– changes in customer preferences and behaviours.
Consumer Trends