GCSE Business Key Words Pearson H-R

Front

Health and safety law

Back

Legal constraints that protect the employees of a business from unsafe business practice.

Front

Hierarchical

Back

Organisational structure with many layers, long chains of command, and narrow spans of control.

Front

Human resources

Back

How a business recruits and manages its workforce.

Front

Imports

Back

Goods or services produced in other countries and consumed in this country.

Front

Inflation

Back

Where costs and prices in an economy are increasing.

Front

Informal training

Back

Where employees learn how to do a job at the workplace by observing other employees.

Front

Innovation

Back

The introduction of a new product or features on a product.

Front

Inorganic growth

Back

Growth which occurs by merging with or taking over another business.

Front

Insolvency

Back

Where a business runs out of cash and is not able to obtain new finance.

Front

Interest rates

Back

The percentage cost of borrowing money or the reward for saving money.