Key Words T2 Flashcards Preview

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Flashcards in Key Words T2 Deck (47):
1

Venture Capitalist

Specialist investors, that provide money for businesses purposes, mainly to new businesses

2

Limited companies

When there is a separate legal identity between the business and the owners

3

Limited liability

Shareholders are legally responsable of all debts of the business

4

Chairperson

A person who is in charge of the meetings and directs work from comités and organisations

5

Certificate of incorporation

Document needed to start up a business

6

Private limited company

Offer separate legal identity and just sells shares to friends and . Shareholders agree to create company and rules.

7

Stock market

Market for shares in a PLC

8

Public limited company

Offers shares to everybody

9

Prospectus

Document produced by a business that want to sell their shares to the public

10

Regulatory control

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

11

Flotation

The process of a business becoming public

12

Multinational company

A business that operates in two or more countries

13

Issue(shares)

Sale of new shares

14

Productivity

How many goods are produced in comparison with the time, money and work

15

Public corporations

Companies controlled by the government

16

Infrastructure

Basic system or structure a country or business needs in order to work properly

17

Portfolio

Collection( of business interest or products)

18

Natural monopoly

A market were it is more efficient just having one business meeting all total demand.

19

Subsidise

Paying part of the costs

20

Privatisation

Transfer of public sector resources to the private sector

21

Primary sector

Production involving the extraction of raw materials in earth

22

Secondary sector

Production involving the conversion of raw materials into finished or semi finished products

23

Assembly plants

Factory were parts are put together to create a finished product

24

Tertiary sector

Production of services in the economy

25

De-industralisation

Decline in manufacturing

26

Brownfield sites

Areas that were once used for urban development

27

Greenfield sites

Previously undeveloped areas of land, usually on the outskirts

28

Assisted areas

Areas that are designated by the government because the have economic problems and will receive support in a variety of forms

29

Viability studies

Careful studies of how a planned activity will work, the cost and what income is likely to produce

30

Trade bloc

Group of countries of the same region that join together to have a free trade withought barriers

31

Emerging economies

Rapidly growing economies

32

Globalisation

Growing integration of the worlds economy

33

Intellectual property

People's knowledge and creative ideas that have a commercial value and are protected under copyright

34

Monetary system

System of money of a country or the world as a hole controlled by the government and central bank

35

Saturate(market)

To offer to much of a product that there is lots of people wanting to but it

36

Predator

When a business takes advantage of anothers weakness

37

Hostile takeover

The company being taken does not agree or not want

38

Bid

Offer to pay a particular price

39

Commodities

Products that are bought and selled

40

Patents

Legal document giving a person or company the right to produce and sell a good, new invention or method of doing something and stating no one else can do it

41

Ventures

A business activity that will take risks

42

Currency reserves

Money in a foreign country that is is used to support its currency pay imports an debts

43

Human capital

People and their skills

44

Enterprise

The activity of starting and running a business

45

Exploitation

Situation in which you treat someone unfairly by asking them to do things but give them a really small amount

46

Repatriation of profit

When a multinational returns profit from overseas to there base, normally form a developing country to a develop country

47

Livelyhood

The money you earn in order to live