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Business > 4-11 > Flashcards

4-11 Flashcards

(55 cards)

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1
Q

Venture capitalists

A

Specialist investors who’re provide money for business purposes, often to new businesses

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2
Q

Limited companies

A

Business organisations that have a separate legal identity from that of its owners

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3
Q

Limited liability

A

Business owner is only liable for the original amount of money invested in the business.

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4
Q

Chairperson

A

Someone who is in charge of a meeting or directs the work of a comitee or organisation

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5
Q

Certificate of incorporation

A

Document needed before a company starts doing business

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6
Q

Stock market

A

Market for shares in PLC’s

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7
Q

Prospectus

A

Document produced by a company that wants the public to buy its shares.

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8
Q

Regulatory control

A

Official power to control an activity and make sure it is done in a satisfactory way.

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9
Q

Flotation

A

Process of a company going ‘public’

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10
Q

Multinational company

A

Large business with significant production or service operations in at least 2 different countries.

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11
Q

Issue(shares)

A

Sale of new shares

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12
Q

Productivity

A

Rate at which goods are produced, and the amount produced, especially in relation to the time, work and money needed to produce them

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13
Q

Public corporations

A

Business organisation owned and controlled by the state/government

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14
Q

Portfolio

A

Collection of business interests or products

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15
Q

Infrastructure

A

Basic systems and structures that a country or organisations need in order to function properly.

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16
Q

Natural monopoly

A

Market where it is more efficient to have just one organisation meeting total market demand

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17
Q

Subsidise

A

Paying a part of the cost (often by the government in businesses)

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18
Q

Privatisation

A

Transfer of public resources to the private sector

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19
Q

Primary sector(industry)

A

Production involving the extraction of raw materials in the earth

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20
Q

Secondary sector

A

Production involving the conversion of raw material into finished and semi-finished goods.

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21
Q

Assembly plant

A

Factory where parts are put together to make finished products

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22
Q

Tertiary sector

A

Production of services in the economy

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23
Q

De-industrialisation

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A

Decline in manufacturing

24
Q

Brownfield sites

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A

Areas that were one used for urban development

25
Greenfield sites
Previously undeveloped areas of land, usually in the outskirts of town and cities
26
Exploitation
Situation in which you treat someone unfairly y asking them to do things for you, but give them very little.
27
Repatriation(of profit)
Where a multinational returns the profits from an overseas venture to the country where it is based, typically from a developing country to a developed country.
28
Exports
Goods and services sold overseas
29
Imports
Goods and services brought from overseas
30
Surplus
Amount of something that is more than what is needed or used
31
Visible trade
Trade in physical goods
32
Invisible trade
Trade in services
33
Balance of trade (or visible balance)
Difference between the visible exports and visible imports
34
Transactions
Business deals or actions, such as selling or buying something
35
Exchange rate
Value of one currency in terms of another
36
Commission
Extra amount of money paid to a person or organisation according to the value of the goods they have sold or the services they have provided.
37
Predator
Business that tries to use another’s weaknesses to get advantages
38
Hostile takeover
Takeover that the company being taken over doesn’t agree to or does not want
39
Bid
Offer to pay a particular price for something | eg. a buisiness
40
Commodities
Products that are bought and sold | eg. (oil, gold, iron ore, rice...)
41
Patents
Legal document giving a person or company the right to make or sell a new invention, product, or method of doing something and stating that no other person or company is allowed to do this.
42
Ventures
New business activities that involve taking risks
43
Currency reserves
Money in foreign currency held by a country and used to support its own currency and to pay for imports and foreign debts.
44
Human capital
People and their skills | Eg. a miner, knows how to mine
45
Enterprise
The activity of starting and running a business
46
Livelihood
Way you earn money in order to live | Eg. Selling clothes in my own shop
47
Assisted areas
Areas that are designated by the government as having economic problems and are targeted receive support in a variety of forms.
48
Viability studies
Careful study of how a planned activity will work, how much it will cost and the income it is likely to produce
49
Trade bloc
Group of countries in the same region that join together to annoy a trade free of barriers Eg European Union
50
Emerging economies | Emerging economies have gauge growth potential but also pose significant risks
Rapidly growing economies | Eg Brazil
51
Globalisation
Growing integration of the world’s economies
52
Intellectual market
People’s knowledge or creative ideas that have commercial value and are protectable under different forms of copyright
53
Monetary system
System of money in a particular country or the world as a whole, and the way that it is controlled by the government and central banks
54
Saturated(market)
To offer so much of a product for sale that there is more than people want to buy
55
Private limited company (Ltd)
A company that does not publicly trade shares and is limited to a maximum of 50 shareholders

Business (4 decks)

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