AS Multiple Choice Review 01

A business enterprise owned and controlled by the state

• Cooperative

• Social Enterprise

• Public corporation

• Public Limited Company

A business organization that owns and controls a number of separate businesses, but does not unite them into one unified company

• Joint Venture

• Holding company

• Merger

• Multtinational

the principles of right and wrong that guide an individual in making decisions

• Employment Contract

• Partnership Agreement

• Business Plan

• Ethics

when a job is no longer required, the employee doing this job becomes unnecessary through no fault of their own

• Redundancy

• Dismissal

• Delegation

• Self-actualisation

Ending a worker's employment contract for a reason that the law regards as being unfair

• Unfair

  Reward

• Unfair Redundancy

• Unfair dismissal

• Unfair

  Motivation

the annual income that is usually paid on a monthly basis

• Wages

• Franchise

• Commission

• Salary

passing authority down the organizational hierarchy

• Delation

• Demand

• Delegation

• Dismissal

making a product distinctive so that it stands out from competitors' products in consumers' perception

• Dynamic

  Price

• Product differentiation

• Promotion

• Placement

identifying different segments within a market and targeting different products or services to them

• Market

  Research

• Quota

  Sample

• Random

  Sample

• Market segmentation

the collection of first-hand data that is directly related to a firm's needs

• Product positioning

• Secondary

  Research

• Primary

  Research

• Product life cycle