Upgrade to remove ads
Finance Unit 3 Key words
Terms in this set (41)
The goal or target that a business sets out to
A not-for-profit organisation set up to raise funds and provide support for certain people or a good cause.
When an organisation develops something that
allows it to sell more products than its competitors.
Providing service to customers before, during and
after a purchase.
Where profits made by plcs are paid to shareholders.
The workers who are employed by a business, and who help the business to achieve success.
The right to sell another business's products or to use their trademark.
In business terms, this can be measured in many ways, such as an increase in sales, in revenue, in number of employees or number of
An 'incorporated' business, meaning that the
business has a separate legal identity from its owners. The owners are shareholders in the business and have limited liability for the business's
Where a shareholder is only responsible for the amount of money they have invested in a business.
An all-embracing term that covers designing a product which people need or want; then using further design, advertising and promotional activities to sell the product to the target market.
The sales of a particular business when measured against the sales of all businesses in the market.
A business owned by two or more people (usually up to a maximum of 20), who share the decisions and the profits.
How much money a business makes after its costs are deducted from its revenues.
Public limited company (plc)
A limited company whose shares can be
bought and sold on the stock exchange.
The value of a business's sales in a given time period.
a not-for-profit business with social objectives, such as helping a local community or creating jobs for people with disabilities.
The objectives of businesses in terms of behaving
ethically, helping local communities, reducing effects on the environment, and considering impact on the wider economy.
A business owned and controlled by one person, who can employ others.
The short-term objective of a new business, or a business that does not have profit as its main objective.
Unique selling point (USP)
Something that makes a product or service
stand out from competing products or services.
Where the owner of a business is personally liable
for all of the business's debts.
The measurement, processing and communication of financial information, usually for financial planning and tax purposes.
A payment clearing scheme that allows electronic payments to be made between bank accounts.
When the flow of cash out is greater than the flow of cash in.
When the flow of cash in is greater than the flow of cash out.
A plan that estimates future spending and profit in a business.
Whether businesses make an effort to 'do no harm' in their operations and activities.
The goal or target that a business sets out to achieve.
A business that has recently been launched.
Taking a risk after weighing up the potential consequences and rewards.
The economic term for money, property, equipment, vehicles and other assets that a business owns and can use to run the business.
A document that shows the predicted inflows and outflows of cash over a given period of time, for example 12 months.
The electronic Clearing House Automated Payment System, which is used for very high-value payments and payments between large companies.
A written order from a bank customer to pay someone else (the payee).
An individual decision about which goods and services to buy.
A plan that prepares an organisation to respond to an unexpected event.
A type of crime committed by a business, or by directors of a business, or by others in a position of authority within a business.
Corporate tax avoidance
Legal but unethical schemes that reduce a business's tax liability.
A tax on company profits.
A form of borrowing offered by banks, building societies and some specialist firms. It allows the cardholder to borrow money by paying for things using a card, the user is charged interest for doing so.
THIS SET IS OFTEN IN FOLDERS WITH...
AQA GCSE Physics Paper 1
AQA GCSE Biology - Paper 1
Paper 2 AQA GCSE Biology
YOU MIGHT ALSO LIKE...
Commerce-Running a Business
business topic three
1. Y10 Business- 1. Business Ownership
Unit 3 AOS 1 Business Foundations Chapter 1
OTHER SETS BY THIS CREATOR
AQA A-Level Business - Unit 2 Managers,…
AQA A- Level Business Unit 1: What is Business?
Edexcel A Level Business - Theme 3 Business decisi…
Edexcel A Level Business - Theme 2 Managing Busine…