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

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

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

Where a business obtains funds from its own sources such as retained profits.

Organic growth which takes place through a business selling more of its own products.

Where a business aims to find new workers from within its current workforce.

A means of connecting computer to computer to allow the transfer of information around the world.

The purchase of new premises or machinery which can be used for growth, replacement, or mechanisation.

A business deciding whether it needs a worker and what type if required.

An explanation of the roles and responsibilities of a job.

Giving workers more responsibility or more complex and challenging tasks.

Method of production where products are made individually.

What the different types of jobs do in a business.

Where a worker moves from one job to another job over a period of time.

Where inputs into the production process arrive on the production line just as they are needed.

The workers who are needed directly or indirectly to provide the good or service.

The time between ordering a good or service and receiving it.

What type of organisation a business chooses to be such as a partnership or company.

The protection enjoyed by shareholders who can only lose the money they have put into the company.

Source of finance for a business where they receive a fixed amount of money for a specified time.

Sources of finance involving loans normally from banks or other financial institutions.

A business stakeholder who will be affected by a business’s location in terms of direct and indirect impacts.

The place where a firm decides to conduct its business.

The management of the flow of goods, information, and money along the supply chain.

Where the costs of a business are greater than its income.

Where a business prices a good at less than its cost to encourage customers to buy other goods.

How to successfully ensure that employees work effectively.

The additional output that a business produces or expects to produce more than its breakeven output.

The current situation in the economy and whether it is improving or worsening.

Quantitative information such as sales figures over time for the market of a product or service.

A diagram representing different businesses in a market that are compared to two variables, such as price and quality.

Information from existing and potential consumers about their reaction to a good or service.

The percentage of total sales a firm’s particular good or service has.

Providing the goods and services that consumers require whilst making a profit.

The ingredients needed to produce a marketing policy normally known as the 4Ps (product, price, place, and promotion).

A way of dividing up the market into different groups of potential customers.

The inputs needed for the production of a good or service.

Where two businesses of equal size are joined together.

The desire of an employee to do a job well.

A business that produces goods in more than one country.

What an individual must have in order to survive.

The difference between the cash inflows and cash outflows for a business in a time period.

The total amount of money made from the trading activities of the business.

The percentage profit made after all costs and expenses have been deducted.

GCSE Business Key Words Pearson H-R Flashcards

Student preview

105 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Health and safety law

Back

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

2.

FLASHCARD QUESTION

Front

Hierarchical

Back

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

3.

FLASHCARD QUESTION

Front

Human resources

Back

How a business recruits and manages its workforce.

4.

FLASHCARD QUESTION

Front

Imports

Back

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

5.

FLASHCARD QUESTION

Front

Inflation

Back

Where costs and prices in an economy are increasing.

6.

FLASHCARD QUESTION

Front

Informal training

Back

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

7.

FLASHCARD QUESTION

Front

Innovation

Back

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

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