Grade 11 Business Studies - Quarter 1 & 2

These flashcards cover key vocabulary and concepts from Grade 11 Business Studies, Quarter 1, focusing on influences, challenges, and adaptations within business environments.

Nepotisme

The practice of people with power or influence showing favoritism to family and friends, especially by giving them jobs.

Afleggings/Layoffs

When a business reduces its number of employees to cut costs.

Sloerstaking/Go-Slow Strike

A situation where workers come to work but deliberately work at a slower pace.

Vakbond/Trade Union

An association that represents the interests of workers and protects their rights.

Staking/Strike

A situation in which workers refuse to work until employers meet their complaints/demands.

Regstelling/Rectification

To correct an undesirable or unfair situation.

Belanghebbende/Stakeholder

A party that has an interest in a company and can affect or be affected by the business.

Strategiese Alliansie/Strategic Alliance

An arrangement between two or more companies to undertake a mutually beneficial project.

Reguleerder/Regulator

A person or organization that regulates something.

Invloedwerwing/Lobbying

Attempting to influence.

Infrastruktuur/Infrastructure

The physical structures and facilities of the business, for example, the building.

Aflegging/Retrenchment

Reduction of the number of employees to reduce operating costs in response to financial issues.

Regeringstenders/Government Tenders

A person or company that provides goods and services, and the government must pay the agreed price at the specified time.

Ideologieë/Ideologies

Ideas and ideals, especially one that forms the basis of economic or political theories and policies.

Witboordjie misdaad/White-Collar Crime

Crimes or ethical misconduct committed in the business, such as fraud and mismanagement of the business's funds.

Omkopery/Bribery

It means that money is paid to a person to influence him/her.

Uitgeput/Depleted

Means that everything is used up.

Verpligtend/Compulsory

(Someone or something) is essential for (someone) as a duty or responsibility.

Ekonomiese Misdaad/Economic Crime

Ideas and ideals, especially one that forms the basis of economic or political theories and policy Grondstoffe Rou materials.

Kontemporêre Wetgewing/Contemporary Legislation

Is necessary for (someone), as it is their duty or responsibility.

Demografie/Demography

Statistics of the population such as gender, age, race, level of education, and income level.

Psigografie/Psychographics

Consumers' lifestyles and behaviours, which includes their preferences, interests, desires and habits.

Skadevergoedingseise/Compensation Claims

Is when excess international goods are imported, flooding the local market.

Uitsluitings/Lockout

Is a type of industrial action which is used to prevent workers from entering an organisation's business premises.

Kontantbate/Cash Assets

A specific person is a person or company to whom their work is contracted out too.

Vakbondkantore/Trade Union Offices

To apply a rule, law or principle.

Invloedwerwing (lobbying)/influencing

Trying to affect of influence someone.

Enkel bedrag betaling/Lump Sum Payments

One of two or more established companies become in to one company.

Aansoekprosedure/Application Procedure

A company that has the authority than other companies.

Ondervinding/Expercience

A person who get training to become better and get some more information.

Ondervinding/Expercience

A document by the company for investors.