Keyterms Chapters 4-10 Flashcards Preview

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Flashcards in Keyterms Chapters 4-10 Deck (46):
1

Venture capitalists

Specialist investors who provide money for business purposes. Often to new businesses.

2

Limited companies

Business that have a separate legal identity from that of the owner.

3

Limited liability

Shareholders are legally responsible for the debts of the business depending on how many shares they own.

4

Chairperson

Someone who is in charge of a meeting or directs the work of a committee or organization

5

Certificate of incorporation

Document needed before a new company can start dong business.

6

Private limited company

A company with limited liability that does not sell shares publicly.

7

Stock market

A market for shares in public limited companies

8

Public limited companies

Companies that have limited liability that sell shares publicly

9

Prospectus

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

10

Regulatory control

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

11

Flotation

The process of a company going public

12

Multinational company

A large business that operates in 2 or more countries

13

Issue

The sale of new shares

14

Productivity

Rate at which good are produced in relation to time taken, work force and money used.

15

Public corporation

Business owned by the Government

16

Infrastructure

Basic systems and structures that a country/organization needs in order to work properly.

17

Natural monopoly

A market in which it is more efficient to have just one organization meeting the total demand

18

Subsidies

Paying part of costs

19

Privatization

Transfer of public sector organization to a private sector organization

20

Primary sector

Production involving the extraction of raw materials from the Earth.

21

Secondary sector

Production involving the covert ion of raw material to finished/semi finished goods.

22

Assembly plant

Factory where parts are put together to make a finished product.

23

Tertiary sector

Production of services in the economy

24

De industrialization

Decline on manufacturing

25

Brownfield sites

Areas of land that where once used for urban development

26

Green field sites

Previously undeveloped areas of land usually on the outskirts of cities and towns

27

Assisted Area

Areas that have economic problems and are targeted to recieve help in various forms.

28

Viability studies.

Careful study of how a planned activity will work, how much it will cost, and what income it is likely to bring.

29

Trade bloc

Group of countries situated in the same region that join together and enjoy free trade barriers

30

Emerging economies

Rapidly growing economies

31

Globalization

The growing integration of the world economies

32

Intellectual property

People knowledge or creative ideas that have commercial value and are protectable I de various forms of copyright.

33

Monetary system

System of money in a country or in the world and the way it is controlled by governments and central banks

34

Saturate

To offer so much of a product for sale that there is more than people want to buy

35

Predator

Business that uses other businesses weaknesses to get advantages

36

Hostile takeover

Takeover that the company being taken over does not want to agree with

37

Bid

Offer to pay a particular price for something

38

Commodities

Products that are bought the sold. GOLD

39

Patents

A legal document giving a person/company the right to sell a product/way of doing something, now one else can do or sell what is patented

40

Ventures

New business activities that involve taking risks

41

Currency reserves

Money in a foreign currency held by a country and used to support its own currency and to pay for imports and debts

42

Human capital

People and their skills

43

Enterprise

Activity of starting a new business

44

Exploitation

Situation in which you treat someone unfairly by asking them to do so something for you and you give very little in return

45

Repatriation

Where a multinational returns the profits from and overseas venture to where it is based

46

Livelihood

Way you earn money in order to live