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    This document lists and defines key terms related to business concepts including inputs, outputs, factors of production, economic sectors, business functions, forms of business ownership, and financial concepts. Specifically it covers terms like public and private sector, incorporated and unincorporated entities, forms of business like sole trader, partnership and companies, and financial elements like profit, liability, shareholders and dividends.

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    This document lists and defines key terms related to business concepts including inputs, outputs, factors of production, economic sectors, business functions, forms of business ownership, and financial concepts. Specifically it covers terms like public and private sector, incorporated and unincorporated entities, forms of business like sole trader, partnership and companies, and financial elements like profit, liability, shareholders and dividends.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views2 pages

    Untitled Document

    Uploaded by

    Tia Tia
    This document lists and defines key terms related to business concepts including inputs, outputs, factors of production, economic sectors, business functions, forms of business ownership, and financial concepts. Specifically it covers terms like public and private sector, incorporated and unincorporated entities, forms of business like sole trader, partnership and companies, and financial elements like profit, liability, shareholders and dividends.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    Unit 1.

    1 key terms:
    ● Business
    ● Input-output model
    ● Inputs
    ● Outputs
    ● Added value
    ● Factors pf production
    ● Land (physical resources)
    ● Labour (human resources)
    ● Capital (financial resources)
    ● Entrepreneurship
    ● Capital-intensive
    ● Labour-intensive
    ● Product
    ● Good
    ● Service
    ● B2B
    ● B2C
    ● Consumer goods and services
    ● Producer goods and services
    ● Business functions
    ● HRM (human resource management)
    ● Finance & accounts
    ● Marketing
    ● Operations management
    ● Interdependence
    ● Economic sector
    ● Primary sector
    ● Secondary sector
    ● Tertiary sector
    ● Quaternary sector
    ● Chain of production
    ● Industrialisation
    ● Deindustrialisation
    ● Less developed economies
    ● Developing economies
    ● Developed economies
    ● Startup
    ● Entrepreneur
    ● Intrapreneur
    ● Business plan (BP)

    1.2
    ● Public sector
    ● Private sector
    ● Surplus
    ● Profit
    ● Liability
    ● Limited liability
    ● Unlimited liability
    ● Legal identity
    ● Incorporated
    ● Unincorporated
    ● Transparency
    ● Accountability
    ● Sole trader
    ● Partnership
    ● Deed of partnership
    ● Sleeping (silent) partner
    ● Privately held company
    ● Publicly held company
    ● Shareholders
    ● CEO
    ● BOD
    ● AGM
    ● IPO
    ● Flotation
    ● Stock exchange
    ● Dividends
    ● Memorandum of association
    ● Articles of association
    ● Certificate of incorporation
    ● Social enterprise
    ● Private sector company
    ● Public sector company
    ● Cooperative
    ● NGO
    ● Compliance costs
    ●

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