Studied by 0 peopleResearch and Development
Research into new products or processes and developing ideas that are generated from research
Innovation
The act of creating new products or processes
E-commerce
Using the internet to carry out business transactions
Merger
When two or more businesses join together to operate as one business
Takeover
When one business buys another business and incorporates it into their own business
Public Limited Company
An incorporated business that can sell shares to the public (also known as a PLC)
Multinational
A business with operations in more than one country (also known as multinational corporation or MNC)
Assets
Items owned by a business, such as premises, equipment or stock
Interest
The cost of borrowing or reward for saving, or a percentage of the amount of money borrowed that must be repaid in addition to the original amount borrowed
Secured Loan
Guaranteed, because if the business fails to pay back the money the bank can take the asset and sell it
Note
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