Suggest or put forward a point of view, idea, argument, diagram, plan and/or suggestion based on given data or stimulus material for consideration or action.
Propose
What is left over after business expenses have been deducted from revenue.
To make a profit
Recognise and name a feature or concept.
Identify
The people who work for the business.
Employees
Use; employ in a particular situation or context.
Apply
Consider an argument, concept, debate, data point, trend or artefact in a way that identifies assumptions, possibilities and interrelationships.
Examine
To identify a gap in the market and provide a good or service that is not available.
To fulfil a market need
Give the precise meaning and identify essential qualities of a word, phrase, concept or physical quantity.
Define
The people who purchase goods and services from the business.
Customers
Provide an overview or the main features of an argument or point of view.
Outline
Make clear the differences between two or more arguments, concepts, opinions, narratives, artefacts, data points, trends and/or items.
Distinguish
Production or sale of goods/services for the purpose of making the world a better place.
To fulfil a social need
Provide characteristics, features and qualities of a given concept, opinion, situation, event, process or other artefact in an accurate way.
Describe
The people who have the responsibility for successfully achieving the objectives of the business.
Managers
Present a clear, considered and balanced argument that identifies issues and shows the strengths and weaknesses of, or points for and against, one or more arguments.
Discuss
Identify components/elements and the significance of the relationship between them.
Analyse
A business’s proportion of total sales in a market or an industry.
To increase market share
Give a detailed account of why and/or how with reference to causes, effects, continuity, change, reasons or mechanisms; make the relationships between things evident.
Explain
Those who provide a business with inputs for their operations system.
Suppliers
Show, prove or defend, with reasoning and evidence, an argument, decision and/or point of view using given data and/or other information.
Justify
Recognise similarities and differences and the significance of these similarities and differences.
Compare
To improve how well a business uses their resources to produce their good/service
To improve efficiency
Recognise and name a concept and then provide characteristics or features of it.
Identify and describe
Those who have an invested interest in the business's operations.
Shareholders/ owners
Ascertain the value or amount of; make a judgment using the information supplied to consider a logical argument and/or supporting evidence for and against different points.
Evaluate