Business studies

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10 Terms

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Operations

The transformation of inputs into outputs.

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Marketing

Creating and delivering value to customers.

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Finance

Acquisition and management of funds.

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Human Resources

Effective management of employees.

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Liquidity

Ability to meet short-term debts.

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Profitability

Ability to generate profit.

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Market share

Percentage of total industry sales.

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Outsourcing

Contracting work to another business.

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Globalisation

Integration of national economies.

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Stakeholders

Any individual or group affected by business decisions.