Shared Flashcard Set

Details

Buisness
GCSE
7
Business
10th Grade
09/25/2024

Additional Business Flashcards

 


 

Cards

Term
Aim
Definition
The intention to reach a goal.
Term
Air pollution
Definition
The presence or inroduction of harmful substances into the air causing disease, allergies or damage to humans, animals, plants or build the environment.
Term
Asset
Definition
Something the business owns; it has a value
Term
Average
Definition
the average profit for the year as a percentage of the original investment

average rate of return = average return per annum/initial investment x 100
Term
boston matrix
Definition
a tool for analysing the contribution made by each product in a business' product portfolio. It plots each product's position according so its market share and the rate of growth of the market.
Term
Brand image
Definition
the consumers' percentage of the brand; its character, qualities and shortcomings. it is developed over time and operates as a consistent theme through advertising campaigns.
Term
Break even chart
Definition
a diagrammatic representation of the costs and revenue for a product; its plots total costs against total sales revenue, showing the break even point where they cross
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