Business Unit 1 Keywords

jeffjordan97's version from 2015-05-01 20:12


Question Answer
Business AngelA particular type of investor, who is willing to invest into a high risk high growth firm at an early stage.
Business PlanA detailed description of new or existing businesses, including their aims, strategy and marketing/financial plan
DemandThe amount of a product or service that customers are willing to pay at a given time.
Electronic marketA market in which buyers and sellers are brought together using digital means of communication to perform transactions.
Fixed costsCosts that do not vary with output
Full time employeeAn employee who works more than 30 hours a week.
Margin of safetydifference between actual and break even output.
Share capitalThe finance invested in a business by the shareholders.
Variable costsCosts that vary directly in proportion with output
Venture capitalInvestment made by specialist funds to finance the business.

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