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Business definitions

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Business definitions

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IGCSE business 0450 definitions for revision

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Kenia

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Business definitions
 

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Business definitionsVersión en línea

IGCSE business 0450 definitions for revision

por Cindy Chege
1

What is revenue in a business?

2

market share means?

3

What is a sole trader?

4

Define cash flow forecast.

5

What are fixed costs?

6

What does market research do?

7

What is Kaizen in operations?

8

What is economic recession?

9

What are current assets?

10

What is a dividend?

11

What is the term for the value of a country's output in a year?

12

Inflation is the general rise in what?

13

Which market is large-scale, broad consumer reach?

14

A market segment is a sub-group with similar what?

15

What describes the process of gathering data about a market?

16

The four Ps of marketing are product, price, place and what?

17

Brand loyalty means customers repeatedly buy the same what?

18

What term describes the total money received from sales minus costs?

19

A cash flow forecast estimates future what?

20

What is the balance between exports and imports called?

21

Which policy aims to increase supply and efficiency?

22

External costs are paid by whom?

23

What is a liability that must be repaid within a year?

24

Depreciation reflects the fall in value of what?

25

Which pricing strategy lowers price to enter a market?

26

What is the term for the cost of producing or buying goods sold?

27

Which production method minimizes inventory by timing?

28

Backward or forward are types of what integration?

29

Which type of business has separate legal status from owners?

30

What is the file of assets and liabilities at a moment called?

31

What term describes a product's stage after growth but before decline?

32

Which budget plans marketing spending for a period?

33

What is the process of promoting a product to the target audience?

34

What is the term for a business owned by one person?

35

Which factor of production includes land and resources?

36

What describes payments to shareholders from profits?

37

A focus group is a group used for what?

38

What term describes a business activity focused on services?

39

Which is a non-current asset lasting more than one year?

40

Which leadership style involves democratic decision-making?

41

What is the name of the process of giving a subordinate authority?

42

What is the term for the price-related resistance to price changes?

43

Which term describes a business that operates in multiple countries?

44

What is the difference between revenue and profit called?

45

What type of research uses data already collected by others?

46

Which market term means customers buy for personal use, not resale?

47

What is the term for a product’s life cycle stage that extends sales?

48

Which cost varies with output level?

49

What is the difference between total costs and revenue at break-even?

50

Which document lists rights and duties in a job?

51

What describes a product’s image in the market?

52

What is a business with a social aim plus profit reinvestment?

53

Which pricing method adds a profit margin to cost?

54

What is the cash balance at period end called?

55

What is product distribution channel?

56

What is a company-owned yet publicly traded entity called?

57

Which term means cost that does not vary with output?

58

What is the process of guiding and directing organizational members?

59

What is a business plan for the marketing mix called?

60

Which term is a non-zero-sum group interested in performance?

61

What describes a business activity focused on making a profit for owners?

62

What is the share of total market sales held by a brand?

63

Which type of recruitment uses existing staff to fill a vacancy?

64

What describes a product sold via the internet and apps?

65

What is the formal plan for how to market a product?

66

Which term means assessing what customers want before product design?

67

A questionnaire is a set of what for data collection?

68

What is the value of a business's assets minus liabilities?

69

Which term means the time-lapse between paying and receiving cash?

70

What is the main aim of a liquidity ratio?

71

Which term means a group of people with a common interest in a project?

72

What term is used for 'the next best alternative given up'?

73

Which sector includes buying raw materials from nature?

74

What describes a business with unlimited liability risk?

75

Which term means a group with direct interest in a business?

76

What is the term for the maximum number of subordinates under a manager?

77

Which financial document shows revenue and costs over a period?

78

What describes a business that sells shares publicly?

79

What does Kaizen mean in production?

80

Which term refers to a non-current asset like land or buildings?

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