Flashcards in Theme1 - Overall Key Terms Deck (14)
Aims and objectives
A business aim is the overall target or goal of the business, whereas business objectives are the steps a business needs to take to meet its overall aims.
A secure way for customers to purchase products or services using a debit, credit or smart card.
Laws made by the government.
Industries that make things.
A set of variables that dictate how competitive a market is for businesses.
A new country, area or target market that a business enters with the aim of selling or trading goods and services.
The amount of work produced by a person in a given time.
The amount of money made after all expenses have been paid.
Income earned by a business over a period of time from selling its goods or services.
An estimate of the probability of an unwanted outcome. It depends upon the chance of it happening and the consequences if it did happen.
The programs, applications and data in a computer system. Any parts of a computer system that aren't physical.
Where a business aims to keep operating.
A group of people or area of a market that a business aims to sell its products to.