Business Studies - Keywords - Set 1

1

100

Difference between selling price and cost of raw materials

added value

100

any item or service you sell to serve a customer's need or want

product

100

monetary resources

finance

100

When people or business concentrate on what they are best at

specialisation

100

activities provided by other people

services

2

100

a person, company, or institution that owns at least one share of a company's stock

shareholder

100

the payment to be given for buying a good or service

price

100

the purchase of one company by another.

takeover

100

the amount of something produced by a person, machine, or industry.

output

100

a payment out pf profit given to shareholders as a reward for their investment

dividend

3

100

performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.

productivity

100

the total number of potential buyers of a product or service within a given marke

market size

100

 the income generated from normal business operations - sales of goods and services.

revenue

100

doing something in a way that is organized and with minimun wastage (of time/resources/labour etc.)

efficient

100

a person or group interested in a business because their decisions impact them

stakeholder

4

100

making customers know that this is their product and making them want to buy their product over competitors

branding

100

^{items that are usually tangible, such as pens or apples.}

goods

100

when two or more businesses agree to work closely together and set up a separate business for this purpose

joint venture

100

the process of increasing in size

growth / expansion

100

1. shareholders and owners are not personally responsible for their company's debts or financial losses.

2. shareholders and owners are personally responsible for their company's debts or financial losses

1. limited liability

2. unlimited liability

5

100

all of a company's assets that have monetary value, such as its equipment, real estate, and inventory, even cash

capital

100

two or more companies combine to make one larger one.

merger

100

value of all goods and services produced

value of output

100

companies trying to be more successful that other businesses

competition

100

when costs have been subtracted from revenue a business is left with 

profit