Business Y10

Social Enterprise

• A business that aims to improve human or environmental well-being

• A for-profit company focused solely on maximizing profits

• A non-profit organization that does not engage in business activities

• A government initiative to regulate businesses

Limited Liability

• When the business owner is only responsible for the original amount of money invested

• When the business owner is personally responsible for all business debts

• When the business owner can lose more than they invested

• When the business owner has no financial risk

Globalisation

• Companies operating internationally across the world

• A process of cultural exchange between nations

• The increase of local businesses

• A trend towards isolationism in trade

Revenue

• Money from the sale of goods/services

• Expenses incurred in production

• Profit after taxes

• Investment returns

Job Share

• Two part-time employees share a single job

• One full-time employee works overtime

• Two employees split their salary equally

• A job is shared among multiple departments

Stakeholder

• Anyone with the interest in or who is affected by a business

• A person who manages a business's finances

• An employee of a company

• A customer who purchases products

Sole Trader

• A business owned exclusively by one person

• A partnership between two or more individuals

• A corporation owned by shareholders

• A non-profit organization

Primary Sector

• The extraction of raw materials from the earth

• The manufacturing of goods

• The provision of services

• The distribution of products

Public Limited Company

• A company whose shares are freely sold and traded at the stock markets

• A company that is owned by a single individual

• A company that does not issue shares to the public

• A company that is limited to a specific number of shareholders

Multinationals

• Businesses that operate in a single country

• Businesses that operate in more than one country

• Businesses that only export goods

• Businesses that only import goods