Scarcity is the lack of sufficient products to fulfill the total wants of the population. 

An introduction given to a new employee, explaining the firm's activities, customs and procedures and introducing them to their fellow workers. 

Current assets are owned by a business and used within one year. 

The process from identifying that the business needs to employ someone up to the point at which applications have arrived at the business. 

An identifiable sub-group of a whole market in which consumers have similar characteristics or preferences.

The collection and collation of original data via direct contact with potential or existing customers. 

Cash flow of a business is the cash inflows and outflows over a period of time. 

Current liabilities are short-term debts owed by the business. 

Money obtained from within the business itself. 

Money obtained from sources outside of and separate from the business. 

This sector of industry manufactures goods using raw materials provided by the primary sector. 

These are production methods that do minimum damage to the environment. 

Specialists who provide support, information and assistance to line managers.