Font size
WorksheetsIGCSE Business Glossary - A&B
Total questions: 22
Worksheet time: 11mins
The proportion of working days lost due to employee absence (through illness or accidents) - usually expressed as a percentage
(a)
When employees, especially managers, are held responsible for their actions
Accountability
Actionability
Assessment
Autocracy
The amount added to the value of a product through the production process. This is calculated by subtracting the original costs from the selling price. These costs could include wages.
Added cost
Added value
Added product
Added price
Items that a business owns; those used up within a year are current assets, those kept longer than a year are non-current assets.
(a)
A style of leadership where the manager makes all decisions. Subordinates are given little say in what is done and how it is done. The leader gives instructions and expects them to be followed
Aligned leadership
Autonomous leadership
Autocratic leadership
Democratic leadership
The average cost of producing one item - the total cost of production divided by the number of items produced
(a)
The difference in value between imports to a country an exports from that country - a positive balance of payments means the country exported more than it imported; a negative balance of payments means the country imported more than it exported
Balance of payments
Balance of exports
Balance of imports
Balance of accounts
The legal process by which a company (or in the case of unlimited firms, an individual) is declared financially unable to continue with the business
(a)
The interest rate set by a country's central bank, used as the basis for the interest rates of all other banks
Interest rate
Nominal rate
Base rate
Bank rate
A production method where similar items are produced together - a whole batch moves through the different stages of production together
(a)
A website on which an individual or group presents an promotes opinions and information etc on a regular basis (usually in written form)
(a)
A period of economic prosperity and economic growth
Boom
Bust
Brand
Break-even
To stop buying a product or engaging in a particular activity as a form of protest
Ban
Bust
Boycott
Break
The personality given to a product through marketing activities
Branding
Brand management
Brand point
Brand image
The use of a name, symbol or design to identify a particular product
Branding
Brand image
Brand product
Brand management
The regular purchase of one brand of a product by a consumer
(a)
A common business objective: to sell enough products so that its revenue covers its total costs - the business makes no profit but no loss
Break-up
Break-even
Break-down
Break-over
The point at which a business sells enough products to cover all of its costs: sales revenue = total costs
Break-over point
Break-up point
Break-even point
Break-down point
The cyclical movement of economic growth characterised by recovery, boom, recession, slump
Business cycle
Trade cycle
Cash cycle
Unicycle
The moral judgement about the rights and wrongs associated with business behaviour
(a)
A situation where one business makes a commercial transaction with another
Business to consumer (B2C)
Business to business (B2B)
Business to customer (B2C)
Business to bank (B2B)
Business or transactions conducted directly between a company and consumers
Business to customers (B2C)
Business to consumers (B2C)
Business to creditors (B2C)
Business to companies (B2C)
