What is the power or right to give orders and make decisions within a business called?

What is the work a company does to provide goods or services, usually to make a profit, called?

What are the moral rules and principles that guide how a business should behave called?

What are the specific, measurable goals a company sets for itself to achieve called?

What are the different ways a business can be legally structured, such as a sole trader or a partnership, called?

What is the duty to keep sensitive information private and not share it with unauthorized people called?

What is the process of organizing, storing, and controlling a company's files and records called?

What are the four essential resources needed to create any product called?

What is the specific legal form a business takes, which affects its taxes, ownership, and liability, called?

What is the total value of a company's shares on the stock market (share price × number of shares) called?

What is a way to measure a business's size based on how many people it employs called?

What is the value of the next best thing you give up when you make a choice called?

What is a business owned and run by two or more people who share the profits and risks called?

What is a business with private owners (shareholders) whose shares cannot be sold to the general public called?

What is the official set of rules and procedures that must be followed in a specific situation called?

What are the step-by-step instructions for how to complete a specific task in a business called?

What is a large business that can sell its shares to the general public on a stock exchange called?

What are the different ways to determine how large a company is, such as by revenue, employees, or market value, called?

What is a business that is owned and operated by just one person, who is personally responsible for all debts called?

What is the total amount of money a business earns from its sales over a period of time called?

What is the total value of all the long-term funds and investments used by a business called?

Define the term 'Business challenge'.

What is meant by 'Business environment (dynamic nature)'?

Explain 'Corporate Social Responsibility (CSR)'.

What does 'Economic' refer to in the context of business environment?

What are 'Environmental' factors in business?

What does 'Legal' mean in the context of business environment?

What is 'PESTLE Analysis'?

What does 'Political' refer to in business environment?

Define 'Private sector'.

What is 'Profit maximization'?

What is meant by 'Public sector'?

What does 'Social' refer to in the context of business environment?

What are 'Social enterprises'?

What are 'Stakeholder conflicts'?

Who are 'Stakeholder groups'?

What are 'Stakeholder interests'?

What are 'Stakeholder relationships'?

What does 'Technological' refer to in business environment?

What is the 'Triple Bottom Line (People, Planet, Profit)'?

What is it called when two businesses from completely unrelated industries join together to form one company?

Business Growth: The cost advantages a business gains as it increases its size, allowing it to produce things more cheaply is known as ________.

Business Growth: Expanding a business by joining with or buying another business, such as through a merger or takeover, is called ________.

Business Growth: When two businesses that are in the same industry and at the same stage of production join together (e.g., one car maker buys another), this is called ________.

Business Growth: Expanding a business from within, such as by opening new locations, hiring more staff, or launching new products, is known as ________.

The two main ways businesses combine, either as equals (merger) or with one company buying a controlling stake in the other (takeover), are called ________.

Business Growth: When two businesses at different stages of production in the same industry join together (e.g., a car maker buys a tire company), this is called ________.

When one company buys another company against the wishes of the target company's management, this is called a ________.

Human Resource Management (HRM): A multi-day event used in recruitment where candidates complete various exercises (like interviews and group tasks) to see how they perform is called ________.

Human Resource Management (HRM): Providing employees with long-term opportunities to grow their skills and advance their careers within the company is known as ________.

The overall mood, attitude, satisfaction, and confidence that employees feel at work is called ________.

A legally binding agreement between an employer and an employee that outlines the terms and conditions of their job is called an ________.

The process of hiring a new employee from outside the company is called ________.

The department responsible for managing a company's workforce, including hiring, training, pay, and employee relations, is called ________.

The training given to new employees when they first start a job to help them settle in and learn about the company is called ________.

Human Resource Management (HRM): The process of filling a job vacancy with an existing employee from within the company is called ________.

A formal meeting where a job candidate is asked questions by an employer to see if they are suitable for the job is called an ________.

Human Resource Management (HRM): The process of studying a job to determine its detailed duties, responsibilities, and required skills is called ________.

A document that lists the main tasks, duties, and responsibilities of a specific job is called a ________.

Fill in the blank: ________ is training that takes place away from the employee's normal workplace, such as at a college or a specialized training center.

Fill in the blank: ________ is training that is given while an employee is actually doing their job, often supervised by a more experienced colleague.

Fill in the blank: ________ is a document that lists the skills, qualifications, experience, and personal qualities needed to do a particular job.

Fill in the blank: ________ are tests used in recruitment to measure a candidate's personality, mental abilities, or behavioral style.

Fill in the blank: ________ is the overall process of finding and attracting qualified people to apply for a job.

Fill in the blank: ________ is the process of choosing the best candidate to fill a job vacancy from all the applicants who applied.

Fill in the blank: ________ is teaching employees the specific skills and knowledge they need to perform their jobs correctly and efficiently.

Fill in the blank: ________ is providing for the general health, happiness, comfort, and safety of employees while they are at work.

Fill in the blank: ________ is the process of analyzing and forecasting the number of employees and the skills the company will need in the future.

Fill in the blank: The idea that people are motivated to act only if they believe their effort will lead to good performance and a desirable reward is called ________.

Fill in the blank: The discovery that people's behavior and performance can improve simply because they know they are being observed is called the ________.

Fill in the blank: The theory that says people are motivated by five levels of needs, from basic survival to self-fulfillment, and must satisfy lower-level needs first is called ________.

Fill in the blank: The motivation theory suggesting that workers are more motivated by social factors, like teamwork and feeling valued, than by money alone is called ________.

Fill in the blank: Parts of a job that, if poor, will make employees unhappy, but don't motivate them if they are good, are called ________.

Fill in the blank: The internal and external factors that stimulate a person's desire and energy to be continually interested and committed to a job are called ________.

Fill in the blank: Parts of a job that give employees satisfaction and encourage them to work harder are called ________.

Fill in the blank: The early motivation theory stating that workers are only motivated by pay and that jobs should be broken down into simple, repetitive tasks is called ________.

Fill in the blank: The theory that job satisfaction (from motivators) and job dissatisfaction (from hygiene factors) are caused by two different sets of factors is called ________.

What is the leadership style called where the leader makes all decisions by themselves without consulting the team?

Which management function involves monitoring performance, comparing it to goals, and making corrections as needed?

What is the leadership style called where the leader involves the team in the decision-making process?

Name the four key roles of a manager?

What is the hands-off leadership style where the leader gives the team a lot of freedom to make their own decisions and manage their own work?

What is the ability to inspire, influence, and guide a group of people towards achieving a common goal called?

What are the different ways that a person in charge (a leader) behaves, makes decisions, and directs their team called?

Which management function involves motivating, directing, and inspiring employees to work hard to achieve the company's goals?

What is the process of organizing, planning, and controlling people and resources in order to achieve a company's goals called?

Which management function involves arranging tasks, people, and other resources to accomplish the work efficiently?

Which management function involves setting goals for the future and deciding on the strategies and tasks needed to achieve them?

What is the flexible leadership theory suggesting that a leader should change their style based on the situation and the experience of their team members called?

What is a special feature, skill, or benefit that allows a company to outperform its rivals called?

What are the four key elements a business uses in its marketing strategy called?

What are the long-term plans a company creates to promote and sell its products and achieve its marketing objectives called?

What is it called when customers consistently choose to buy a specific brand over all others, even when alternatives are available?

What is the process of creating a unique name, logo, and identity for a product to make it easily recognizable and desirable called?

What is the term for the container or wrapper for a product, which serves to protect, identify, and promote the product to customers?

What is the actual good (like a phone) or service (like a haircut) that a business sells to its customers called?

What are the four distinct stages a product goes through, from its launch until it is eventually removed from the market?

Setting a product's price at a similar level to what the competition is charging is called:

A simple pricing method where the price is calculated by adding a percentage (the profit margin) to the cost of making the product is known as: