Business Basics
Business Finance
Business Org
Business Ideas
Business Growth
100
Items that can be seen and touched.
What is good
100

Refers to the possibility of loss when you invest in a Business.

What is risk

100

The ability of the business to offer products or services that meet or exceed market standards in relation to other businesses

What is Competitiveness

100
The act of selecting among alternatives.
What is choice
100

A business that employs fewer than five people (including the owner).

What is micro business

200
A good or service that can be bought or sold.
What is Product
200
What remains after all business expenses have been deducted from sales revenue.
What is profit
200

Actual and potential customers whose needs and wants a business wishes to satisfy

What is the Target Market

200
The development of something new.
What is invention
200

The Final stage of the Business Life Cycle 

What is Maturity

300
The organised effort of individuals to produce and sell, for a profit, the products that satisfy individuals needs and wants.
What is business
300
Money received by a person for providing his or her labour, or a business from a return on its investments.
What is income
300
A fixed amount of money paid on a regular basis, usually fortnightly or monthly, to a permanent employee of a business.
What is salary
300
An improvement on something already established.
What is innovation
300

the process of planning and executing the conception, pricing, promotion and distribution of your ideas, goods or services.

What is Marketing

400
Things done for you by others.
What is services
400

All the costs of running the business except the cost of goods sold.

What are operating costs

400
People who are part owners of a company because they own a number of shares.
What is shareholders
400
A set of activities undertaken to improve existing products, create new products and improve production.
What is Research & Development (R&D)
400
A company that has branches in many different countries.
What is Transnational (Multinational) Corporation (TNC)
500
A product that is ready for customers to buy and use.
What is finished product
500
The money a business receives as payment for its products.
What is revenue
500

Activities undertaken by the Business that combine the resources to create products.

What is production

500
Someone who starts operates and assumes the risk of a business venture in the hope of making a profit.
What is entrepreneur
500
refers to the business’s share of the total industry sales for a particular product.
What is market share
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