These are the gains to the rest of society, other than the business, resulting from business activity.Â
External benefits
Oops!
Check
Okay!
Check
15
A business that does not have a separate legal identity. Sole traders and partnerships are unincorporated businesses.Â
Unincorporated business
Oops!
Check
Okay!
Check
15
A group of people who are selected to respond to a market research exercise, such as a questionnaire.Â
Sample
Oops!
Check
Okay!
Check
15
A term which is used to describe all the activities which go into marketing a product or service. These activities are often summarized as the four P's - product, price, place, and promotion.
Marketing mix
Oops!
Check
Okay!
Check
15
The reply from the receiver which shows whether the message has arrived, been understood and, if necessary, acted upon.Â
Feedback
Oops!
Check
Okay!
Check
15
Cash outflows are the sums of money paid out by a business during a period of time.Â
Cash outflows
Oops!
Check
Okay!
Check
15
these have factories, production or service operations in more than one country.Â
Multinational businesses
Oops!
Check
Okay!
Check
15
A document that records the income of a business and all costs incurred to earn that income over a period of time (for example one year). It is also known as profit and loss account.Â
Income statement
Oops!
Check
Okay!
Check
15
A picture that shows the levels of management and division of responsibilities within an organisation.Â
Organisational structure
Oops!
Check
Okay!
Check
15
Capital employed is shareholders' equity plus non-current liabilities and is the long-term and permanent capital invested in a business.Â
Capital employed
Oops!
Check
Okay!
Check
15
A method of assessing the effectiveness of an employee.Â
Appraisal
Oops!
Check
Okay!
Check
heart
Other team wins 20 points!
Oops!
star
Double points!
Okay!
shark
Other team loses 5 points!
Okay!
lifesaver
Give 20 points!
Oops!
15
Cash inflows are the sums of money received by a business during a period of time.Â
Cash inflows
Oops!
Check
Okay!
Check
eraser
Reset score!
Oops!
magnet
Take 10 points!
Okay!
fairy
Take points!
5
10
15
20
25
lifesaver
Give 20 points!
Oops!
lifesaver
Give 25 points!
Oops!
magnet
Take 10 points!
Okay!
fairy
Take points!
5
10
15
20
25
lifesaver
Give 25 points!
Oops!
15
Factors that stop effective communication of messages.Â