NAME: - ……………………………………………………………………………

GCSE Business Studies – Revision of Key Terms

KEY TERM DEFINITION INFO / LINKS/ FUNCTION

Aim

Air pollution

Asset

ARR

Boston Matrix

Brand Image

Break Even Chart

Break Even Output

NAME: - ……………………………………………………………………………

Buffer Stock

Business Plan

Cash

Cash Flow Forecast

Cash inflow

Cash Outflow

Centralization

Chain of Command

Channels of distribution
NAME: - ……………………………………………………………………………

Closing Balance

Commission

Competition

Competitive pricing

Consumer law

Consumer spending

Contracts of employment

Cost

Cost plus pricing

Customer
NAME: - ……………………………………………………………………………

Customer engagement

Customer loyalty

Customer satisfaction

Decentralization

Delayering

Delegation

Demand

Directors

Diseconomies of scale
NAME: - ……………………………………………………………………………

Dividend

E-commerce

Economies of scale

Employees

Employment law

Enterprise

Entrepreneur

Equality Act

Ethical objectives
NAME: - ……………………………………………………………………………

Ethics

Exchange rates

Expansion

Export

Extension Strategies

External growth

External sources of finance

Factors of production

Fixed Costs
NAME: - ……………………………………………………………………………

Flat Organizational
Structure

Flow Production

Focus Groups

Franchising

Fringe benefits

Full Time

Gap in the market

Global warming

Globalisation
NAME: - ……………………………………………………………………………

Goods

Government Grants

Growth

Health and safety at work

Hierarchy

Hire Purchase

Import

Income Statement

Induction

Integration
NAME: - ……………………………………………………………………………

Interest rates

Job analysis

Job description

Job production

Job Share

JIC

JIT

Lean Production

Limited liability
NAME: - ……………………………………………………………………………

Liability

Loans

Local community

Location

Logisitcs

Loss

Loss Leader

Management

Margin of safety
NAME: - ……………………………………………………………………………

Market Research

Market

Market Share

Marketing

Marketing Mix

M-commerce

Mergers

Mortgage

Motivation
NAME: - ……………………………………………………………………………

National Minimum Wage

Needs

Net Cash Flow

Noise Pollution

Non-for-profit organisations

Objective

On the Job Training

Off the job training

Opening Balance
NAME: - ……………………………………………………………………………

Opportunity Cost

Organic growth

Organisational structures

Outsourcing

Overdraft

Owners

Part time

Partnerships

Person specification

Point of sale
NAME: - ……………………………………………………………………………

Post sale servicing

PR

Price Penetration

Price Skimming

Primary industry

Primary research

Private Limited company

Procurement

Product differentiation
NAME: - ……………………………………………………………………………

Product life cycle

Product portfolio

Productivity

Profit

Profit maximization

Profit sharing

Promotion

Public limited company

Purchasing
NAME: - ……………………………………………………………………………

Qualitative market research

Quantitative market research

Raw materials

Recycling

Retailer

Retained profit

Revenue

Risk

Salary

Secondary Industry
NAME: - ……………………………………………………………………………

Secondary Research

Segmentation

Selection

Service

Share

Share issue

Shareholders

Social Objectives

Sole Traders
NAME: - ……………………………………………………………………………

Sources of finance

Span of Control

Staff retention

Stakeholders

Statement of financial
position

Supplier

Supply Chain

Survival

Sustainability
NAME: - ……………………………………………………………………………

Takeover

Tall organizational Structure

Target market

Tele sales

Tertiary Industry

Total Costs

TQM

Trade Credit

Trade Descriptions
NAME: - ……………………………………………………………………………

Traffic Congestion

Training

USP

Unit Cost

Variable Cost

Wage

Wants

Waste

Wholesaler
NAME: - ……………………………………………………………………………

Word of Mouth

Zero-hour contract