Edexcel Business Key Terms
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251 Terms
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Adding Value
How a business sells a product for more than it costs through the processes they apply
2
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Advertising
Promotional method where a business pays to place an advert in a form of media, such as a newspaper or television
3
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Aesthetics
The attractiveness of the design of a product
4
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Aims and Objectives
The overall goals of a business or organisation identifying what the business is trying to achieve
5
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Application form
A method of applying for a job where the required details are decided by the business who is recruiting
6
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Autonomy
The independence a worker has within their job
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Average rate of return
The annual percentage profit that an investment makes compared to the cost of the investment
8
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Bar gate stock control graph
A ethod of dsplaying data on stokc lev
9
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Batch production
10
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Bonus
11
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Branding
12
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Break even
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Buffer stock
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Business
15
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Business environment
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business plan
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Capacity
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Capital
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Cash-flow
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Cash-flow forecast
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Cash inflow
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Cash outflow
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Centralised
24
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Chain of command
25
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Closing balance
26
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Commission
27
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Communication
28
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Competition
29
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Competitive advantage
30
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Competitive environment
31
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Competitive pricing
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Consumer
33
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Consumer income
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Consumer law
35
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Consumer rights
36
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Consumer spending
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Cost plus
38
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Crowd funding
39
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Curriculum Vitae
40
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Customer engagement
41
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Customer feedback
42
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Customer loyalty
43
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Customer needs
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Customer satisfaction
45
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Customer service
46
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Customers
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Decentralised
48
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Delayering
49
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Demographics
50
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Design mix
51
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Differentiation
52
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Digital communication
53
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Digital technology
54
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Directors
55
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Discrimination
56
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Distribution
57
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Dividend
58
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E-commerce
59
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Economic climate
60
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Efficiency
61
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Employees
62
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Employment level
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63
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Employment law
64
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E-newsletter
65
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Enterprise
66
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Entrepreneur
67
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Environmental considerations
68
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E-tailer
69
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Ethical objectives
70
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Excessive communication
71
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Exchange rate
72
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Exports
73
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Extension strategy
74
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External finance
75
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External growth
76
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External influence
77
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External recruitment
78
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Fincance
79
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Financial data
80
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Financial objectives
81
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Fixed costs
82
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Fixed premises
83
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Flat structure
84
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Flexible hours
85
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Flow production
86
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Focus group
87
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Formal training
88
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Franchise
89
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Franchisee
90
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Franchisor
91
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Freelance contracts
92
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Fringe benefit
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Full time working
94
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Function
95
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Gap in the market
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Globalisation
97
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Goods
98
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Gross profit
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Gross profit margin
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Growth