Glossary of Business Studies terms meanings

Above-the-line Promotion meaning Accounts meaning Acid Test Ratio meaning Added Value meaning Administration meaning Advertising meaning Advertising Campaign (or Media Campaign) meaning After Sales Service meaning Agenda meaning Annual General Meeting (AGM) meaning Annual Report and Accounts meaning Appraisal meaning Arbitration meaning Articles of Association meaning Assets meaning Audit meaning Automation meaning Bank Loan meaning Bank of England meaning Bankrupt meaning Barter meaning Basic Pay meaning Batch Production meaning Below-the-line Promotion meaning Benchmarking meaning Board of Directors meaning Bonus meaning Bookkeeping meaning Boom meaning Brand meaning Break-even meaning Budget meaning Bulk Buying meaning Business meaning Business Cycle meaning Business Expansion meaning Business Plan meaning Capital meaning Capital meaning Capital Employed meaning Capital Goods meaning Capitalism meaning Cash meaning Cash Flow Forecast meaning Cell Production meaning Census meaning Centralisation meaning Chain of Command meaning Chain of Distribution meaning Chain of Production meaning Choice meaning Collective Bargaining meaning Command Economy meaning Commission meaning Communication meaning Competition Based Pricing meaning Competitive Market meaning Competitor meaning Computer-aided Manufacturing (CAD meaning Computer-integrated Manufacturing (CIM) meaning Conciliation meaning Conglomerate meaning Constructive Dismissal meaning Consumer meaning Consumer Confidence meaning Contract of Employment meaning Contracting Out (Outsourcing) meaning Co-operative meaning Copyright (or Patent) meaning Cost of Goods Sold meaning Cost Plus Pricing meaning Cost Price meaning Creaming (or Skimming) meaning Credit meaning Currency meaning Current Assets meaning Current Liabilities meaning Current Ratio meaning Curriculum Vitae (CV) meaning Customer meaning Decentralisation meaning Deductions meaning Deed of Partnership meaning De-layering meaning Delegation meaning Demand meaning Demographics meaning Depreciation meaning Desk Research meaning Developed Countries meaning Developing Economies meaning Direct Costs meaning Directors meaning Discount meaning Discrimination meaning Dismissal meaning Distribution meaning Diversification meaning Dividend meaning Division of Labour meaning Downsizing meaning E-Commerce meaning Economic Growth meaning Economies of Scale meaning Efficiency meaning E-mail meaning Employee meaning Employer meaning Enterprise meaning Entrepreneur meaning Equal Opportunities meaning Equity meaning Ethical meaning Exchange Rate meaning Expenses meaning Exports meaning External Economies of Scale meaning External Recruitment meaning Externalities meaning Factors of Production meaning Field Research meaning Financing meaning Fiscal Policy meaning Fixed Assets meaning Fixed Costs meaning Flexible working meaning Flow Production meaning Formal Communication meaning Franchise meaning Franchisee meaning Franchisor meaning Fringe Benefits meaning Globalisation meaning Goods meaning Grant meaning Gross Pay meaning Gross Profit meaning Guarantee meaning Headquarters meaning Hierarchy meaning Horizontal Integration meaning Human Resources meaning Imports meaning Income Tax meaning Incorporation meaning Indirect Costs meaning Induction meaning Industrial Action meaning Industrial Tribunal meaning Inflation meaning Informal Communication meaning Information and Communications Technology (ICT) meaning Infrastructure meaning Insolvency meaning Insurance meaning Interdependence meaning Interest meaning Interest Rate meaning Internal Communication meaning Internal Recruitment meaning Interview meaning Inward Investment meaning Job Analysis meaning Job Description meaning Job Production meaning Job Satisfaction meaning Just-in-time (JIT) meaning Kaizen meaning Labour meaning Labour Intensive meaning Labour Turnover meaning Land meaning Lead time meaning Leasing meaning Legislation meaning Liabilities meaning Limited Liability meaning Limited Partner meaning Liquid Assets meaning Location meaning Logo meaning Loss Leader meaning Loyalty Cards meaning Managers meaning Market meaning Market Economy meaning Market Oriented Business meaning Market Research meaning Market Saturation meaning Market Segmentation meaning Market Share meaning Market Testing meaning Marketing meaning Marketing Mix meaning Mark-up (or Profit Margin) meaning Mark-up Pricing meaning Mass Customisation meaning Mass Production meaning Memorandum of Association meaning Merchandising meaning Merger meaning Migrant meaning Minutes meaning Mission Statement meaning Mixed Economy meaning Monetary Policy meaning Money Supply meaning Monopoly meaning Motivation meaning Multinational meaning National Insurance Contributions meaning Needs meaning Net Pay meaning Net Profit meaning Niche Market meaning Objectives meaning Off-the-Job Training meaning On-the-Job Training meaning Opportunity Cost meaning Organisational Chart meaning Outsourcing meaning Overdraft meaning Overheads meaning Overtime meaning Packaging meaning Partnership meaning Penetration Pricing meaning Performance-related Pay meaning Person Specification meaning Piece Rate meaning Place meaning Planned Economy meaning Planning Permission meaning Point of Sale meaning Pollution meaning Pressure Group meaning Price meaning Price Discrimination meaning Primary Data meaning Primary Sector meaning Private Limited Company (Ltd) meaning Private Sector meaning Product meaning Product Differentiation meaning Product Life Cycle meaning Product Mix meaning Product Oriented Business meaning Product Range meaning Production meaning Productivity meaning Profit meaning Profit-related Pay meaning Promotion meaning Public Corporation meaning Public Limited Company (plc) meaning Public Relations meaning Public Sector meaning Quality meaning Quality Assurance meaning Quality Control meaning Questionnaire meaning Quota meaning Rate of Turnover meaning Raw Materials meaning Recession meaning Recruitment meaning Redundancy meaning References meaning Refurbishment meaning Research & Development (R&D) meaning Retailer meaning Retained Profit meaning Re-training meaning Return of Capital Employed (ROCE) meaning Revenue meaning Royalty meaning Salary meaning Sales Promotion meaning Satisficing meaning Scarce Resources meaning Secondary (Manufacturing) Sector meaning Secondary Data meaning Selection meaning Services meaning Shares meaning Shortlist meaning Skimming meaning Sleeping Partner meaning Sole Proprietorship (Sole Trader) meaning Span of Control meaning Specialisation meaning Sponsorship meaning Staff Development meaning Stakeholder meaning Stock meaning Subsidiary Business meaning Subsidies meaning Supplier meaning Supply meaning Survey meaning Sustainable Production meaning SWOT Analysis meaning Takeover meaning Target Market meaning Teleworker meaning Tertiary (or Service) Sector meaning THE Budget meaning Time Rate meaning Total Quality Management (TQM) meaning Trade Union meaning Trademark meaning Training meaning Trends meaning Turnover meaning Unincoporated meaning Unit Cost meaning Unlimited Liability meaning Variable Costs meaning Vertical Integration meaning Wages meaning Warranty meaning Wholesaler meaning Work to Rule meaning Working Capital meaning Working Conditions meaning

Glossary of Business Studies terms meanings

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Glossary of Business Studies terms meanings

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