Business and people 25%

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  • Created by: vanness
  • Created on: 11-05-17 12:25
What is Business Activity
Business activities include any activity engaged in the primary purpose of making a profit. This is a general term that encompasses all the economic activities carried out by a company during the course of business.
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What is Business Objectives
Business activity is focused around the achievement of business aims and business objectives. A business aim is the goal a business wants to achieve. A primary aim for all business organisations is to add value and in the private sector this involves
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What is Role of Stakeholders
A person with an interest or concern in something, particullarly a business
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What is a Sole Trader
a person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses
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What is Growth
Business growth can be achieved either by boosting the top line or revenue of the business with greater productsales or service income, or by increasing the bottom line or profitability of the operation by minimizing costs.
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What is Location
Named geographical place (such as an airport, seaport, container freight station or terminal) that provides permanent facilities for movement of goods (such as customs, storage, and other support services) or is designated for a stated purpose.
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What is a partnership
A type of business organization in which two or more individuals pool money, skills, and other resources, and share profit and loss in accordance with terms of the partnership agreement. In absence of such agreement, a partnership is assumed to exit
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What is a private limited company
A type of company that offers limited liability, or legal protection for its shareholders but that places certain restrictions on its ownership. These restrictions are defined in the company's bylaws or regulations and are meant to prevent any hostil
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What is a public limited company
A company whose securities are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors can determine the
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What is employment
the state of having paid work
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What is retention
The continued posession, use or control of something
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What is motivation
Motivation is about the ways a business can encourage staff to give their best. Motivated staff care about the success of the business and work better.
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What is training
The process of increasing the knowledge and skills of the workforce to enable them to perform their jobs effectively.
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What is employment law
Labour law (also known as labor law or employment law) mediates the relationship between workers, employing entities, trade unions and the government. Collective labour law relates to the tripartite relationship between employee, employer and union.
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What is a trade union
an organized association of workers in a trade, group of trades, or profession, formed to protect and further their rights and interests.
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What is communication
Business communication is the sharing of information between people within and outside the organization that is performed for the commercial benefit of the organization. It can also be defined as relaying of information within a business by its peopl
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Other cards in this set

Card 2

Front

Business activity is focused around the achievement of business aims and business objectives. A business aim is the goal a business wants to achieve. A primary aim for all business organisations is to add value and in the private sector this involves

Back

What is Business Objectives

Card 3

Front

A person with an interest or concern in something, particullarly a business

Back

Preview of the back of card 3

Card 4

Front

a person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses

Back

Preview of the back of card 4

Card 5

Front

Business growth can be achieved either by boosting the top line or revenue of the business with greater productsales or service income, or by increasing the bottom line or profitability of the operation by minimizing costs.

Back

Preview of the back of card 5
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