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11 Cards in this Set
- Front
- Back
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Bankruptcy |
When an individual has insufficient assets to pay their debts. |
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Business Environment |
All of the factors that 'surround' a business and have an impact on it. |
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Business Life Cycle |
Establishment, Growth, Maturity, Post-Maturity. |
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Capital Gain |
The profit made when a person sells an asset for a price higher than the purchase price. |
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Capital-intensive |
Where there are relatively few workers in proportion to the machinery used in production. |
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Competitive Advantage |
An advantage over competitors gained by offering consumers greater value, either by means of lower prices, improved quality or by providing greater benefits and services. |
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Corporate Social Responsibility |
A commitment by a business to operate ethically and contribute to economic development while improving the quality of life of our workforce and their families as well as the community at large. |
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Corporatisation |
Where governments retain control over government businesses but put them on a corporate footing, performing in the same way as companies in the private sector. |
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Discretionary Spending |
Spending from outcomes after tax and essential spending has taken place. |
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Dividend |
The share in the net profit of a company (after tax and other expenses) paid to a shareholder. |
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Effective Operation |
Where a business will try to be effective by making sure that customers needs are met and they are satisfied with the output. |
