Buisness keywords

• Capital budgeting involves making investment decisions regarding long-term projects with high costs and long payback periods.
• Definitions


  • Enterprise
  • Entrepreneur
  • Consumer
  • Obsolete
  • E-commerce
  • M-commerce
  • Social media
  • Payment platform
  • Marketplace
  • Data
  • Demographic
  • Risk
  • Financial reward
  • Market research
  • Revenue forecast
  • Cash flow
  • Sales revenue
  • Investment
  • Start-up
  • Intuition
  • Stakeholder
  • Ethics
  • Unique selling point (USP)
  • Values
  • Loyalty
  • Market share
  • Economy
• Entrepreneur


  Someone who creates a business, taking on financial risks with the aim of making a profit from the business
• Consumer


  Someone who buys and uses goods and services
• Obsolete


  Out of date or not used anymore
• 1. commerce


  Using the internet to carry out business transactions
• 1. commerce


  Using mobile technologies, such as smartphones and tablets, to carry out business transactions
• Social media


  Websites that allow users to interact with other users, by sharing text-based messages, pictures or links to online content
• Payment platform


  Enable businesses to take online payments from customers. They are usually free for the customer to use, but take a small amount of commission from the seller
• Marketplace


  The activities involved in buying and selling particular types of goods and services, in competition with other companies
• Data


  Information, particularly statistics, that can be collected and analysed
• Demographic


  Relating to the population, such as average age, average income and so on
• Risk


  The possibility that an enterprise will have lower than anticipated profits or experience a loss
• Financial reward


  The money that an entrepreneur or investor receives when a business succeeds
• Market research


  The process of gathering information about the market and customers’ needs and wants in order to help inform business decisions, including product design and marketing
• Revenue forecast


  A prediction of future revenue based on expected sales; this is either a judgement or based on previous sales patterns
• Cash flow


  The amount of money coming in and going out of the business and the timing of the movement
• Sales revenue


  The amount of money that comes in from a business’s sales
• Investment


  Putting money into a business with the intention of making a profit
• Start-up


  A new business, usually with only a small number of employees – perhaps only one
• Intuition


  Knowing something instinctively or understanding something easily without conscious thought
• Stakeholder


  Anyone who has an interest in the activities of a business, such as its workers, its suppliers, its directors, the local community and the government
• Ethics


  Moral principles or standards that guide the behaviour of a person or business
• Unique selling point (USP)

  Something that makes a product stand out from its competitors
• Values


  Standards of behaviour or moral principles
• Loyalty


  Wanting to always support something or someone
• Market share


  The proportion of sales in a market that taken by one business
• Economy


  The system by which a country’s money and goods are produced and used
• Convenience


  A good or service’s ability to fit in well with a customer’s lifestyle or routine, the ease with which it can be used and/or its easy to reach location
• Viable


  Able to work properly or successfully
• Market research


  The process of gathering information about the market and customers’ needs and wants in order to help inform business decision, including product design and marketing
• Focus group


  A group of people who discuss their views on a product, service advertisement or idea, either face-to-face or online
• Target market


  A particular group of consumers at which a business aims its products and services
• Sample


  A portion of the population asked for their opinions in order to draw conclusions about the behaviour of the whole population
• Generation Y (Millennials)


  • People born between 1980 and 2000
• Data


  Information, particularly statistics, that can be collected and analysed
• Biased


  Unbalanced or inclined to agree with a particular judgement or ideas rather than presenting the evidence fairly
• Ethics


  Moral principles or standards that guide the behaviour of a person or business
• Source


  A place, person or thing, such as a book or report, that can provide information to be used in research
• Chamber of commerce


  A local association that promotes the interest of businesses in a county or region