Business Management Paper 1 Terminology

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6 Terms

1
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Public Limited Company

A type of business ownership structure where shares are traded on a stock exchange

2
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Expansion

The act of growing a business by increasing its market share, product offerings, or geographical reach

3
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Temporary Workers & Freelancers

People employed for a specific project or period, rather than having a permanent contract with the company

4
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Contracts

Legally binding agreements between BON and the farmers. These likely specify the terms of land use, rental fees, and responsibilities

5
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Environmental Sustainability

business practice that considers the long-term impact on the environment. BON's waste cleanup costs and directors' concerns highlight this challenge

6
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Private Limited Company

A type of business ownership structure where shares are privately held and not traded on a stock exchange