Business Studies Glossary

Putting a plan to action

Showing a lack of concern for the wishes of opinions of others

Government owned businesses

Method used to evaluate the effect of the different aspects of the macro environment on business.

Money provided by a funder without charging interest

The desire to promote the welfare of others

Receives rent as remuneration

Personal responsibility for all of the business incurred debts

Short-term needs that can vary according to the productivity and output, for instance, wages.

Legal protection of original literary works.