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Saturday, January 11, 2014

Definitons of key terms in business studies...

*Partnership - A effective form of credit strain governing body in which two or more people - the calveners - duty collectively. *Fixed Cost - Those costs, which, in the all of a sudden run, do non vary with output. *Marketing - The duty purpose that aims to link the vocation to the customer and aims to get the right return to the right typeset at the right time. *Market portion - A part of the foodstuff for a product do up of consumers manduction common characteristics. This segment can hence be targeted with portion marketing strategies. *Private Limited caller-out - An incorporated business that is owned by shareholders but does not have the legal right to offer shares for sale to the public. * outline - A semipermanent plan of action, aiming to achieve a particular objective. *Product phylogeny - Aiming to tuck marketing objectives by purpose and developing smart products or by adapting and updating existent ones. *Product druthers - Focusing on t he design and superior of the product, often make in traditional ways, rather than on using market research to establish the products that are closely likely to be successful in the market. *Market orientation - A business strategy focusing on the needs and wants of consumers and developing products to meet them.
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*Economic Growth - An increase in a nations GDP, afterwards adjusting for inflation - an increase in real GDP. * lend Capital - pay raised from external lenders such as bank and debenture holders. *Profit Margin - The profit made as a proportion of sales revenue. *Income Elastic - Measures the r eactivity of contend for a product followin! g a change in consumers incomes. * toll Elasticity of Demand - The responsiveness of demand following a change in the price of a product. *Leasing - This reduces the cost of getting fixed assets... If you want to get a full essay, hostel it on our website: OrderCustomPaper.com

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