Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
21 Cards in this Set
- Front
- Back
|
aim |
to attempt or reach a certain goal |
|
|
objective |
A specific result that a person or system aims to achieve within a time frame . |
|
|
profit maximisation |
The ability for company to achieve a maximum profit with low operating expenses. |
|
|
survival |
a company that try to stay on the market with out bankruptcy |
|
|
market share |
A percentage of total sales volume in a market captured by a brand, product, or company. |
|
|
stakeholder |
A person, group or organization that has interest or concern in an organization |
|
|
public sector |
The part of the economy concerned with providing basic government services. |
|
|
public cooperation |
A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders. |
|
|
private sector |
The private sector is the part of a country's economic system that is run by individuals and companies, rather than the government |
|
|
sole trader |
business that is owned and controlled by one person |
|
|
partnership |
two or more individuals who share management and profits. |
|
|
Ltd |
private limited company that is owned by an individual not run or influenced by the government |
|
|
co-operative |
Firm owned, controlled, and operated by a group of users for their own benefit. |
|
|
franchise/franchisee/franchisor |
A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (the franchiser) proprietary knowledge, processes and trademarks in order to allow the party to sell a product or provide a service under the business's name. |
|
|
holding company |
A holding company is a parent corporation, limited liability company or limited partnership that owns enough voting stock in another company to control its policies and management. |
|
|
multinational |
corporation that has its facilities and other assets in at least one country other than its home country. |
|
|
limited liability |
The legal protection available to the shareholders of privately and publicly owned corporations |
|
|
unlimited liability |
Indefinite extent of liability to pay a firm's debts or obligations, extending beyond the investments of the firm's owner(s), partners, or shareholder(s) to their personal assets. |
|
|
shareholder |
An individual, group, or organization that owns one or more shares in a company |
|
|
dividends |
A share of the after-tax profit of a company, |
|
|
bankruptcy |
When a business is no longer able to pay its depts |
