2.1 key words

Front

Research and development

Back

Research into new products or processes and developing ideas that are generated from research.

Front

Innovation

Back

The act of creating new products or processes.

Front

E-commerce

Back

Using the internet to carry out business transactions.

Front

Merger

Back

When two or more businesses join together to operate as one business.

Front

Takeover

Back

When one business buys another business and incorporates it into their own business.

Front

Public Limited Company (PLC)

Back

An incorporated business that can sell shares to the public.

Front

Multinational

Back

A business with operations in more than one country.

Front

Assets

Back

Items owned by a business, such as premises, equipment or stock.

Front

Interest

Back

The cost of borrowing, or a percentage of the amount of money borrowed that must be repaid in addition to the original amount borrowed.

Front

Secured

Back

Guaranteed, because if the business fails to pay back the money the bank can take the asset and sell it.