Business Studies Key Terms And Definitions

If you re going for a sales or managerial role it is particularly key that you get your facts figures and terminology right.

Business studies key terms and definitions. Accounting this concept should be. Tts gcse business studies unit 1 definitions. Business studies key definitions 5 0 5 based on 24 ratings.

Edexcel as business studies key terms unit 2. A key performance indicator kpi is a measure of performance to assess the success of a company or a certain activity the company is taking part in. Learning basic business terms is pivotal to improving your business acumen.

Fortunately you don t need an mba to master key business concepts. Many people confuse gross and net profit and other business terms but it s important to know exactly what you re talking about especially when it comes to interviews. Gap in the market where there is a demand for a good or service that is not currently being met by any businesses.

Adding value a process through which a business increases the worth of the resources included in production so that customers perceive the product to be worth more than the cost of the inputs. Listed below are 50 key terms that aqa buss1 students need to ensure they understand and can define explain in the exam. Glossary of business terms a to z.

Determination the drive to succeed in business. Invoice factoring involves a business selling its invoices on to a third party who will then add their own fee to the charges and seek the money from the debtor. Gcse business studies unit 1 keywords and definitions unit 1 3 putting a business idea into practice financial objectives targets expressed in money terms such as making a profit earning income or building wealth.

Smart specific measurable achievable realistic and time constrained. Other sets by this creator. Handy definitions of financial and economic jargon from libor and quantitave easing to black swans and dead cat bounces.