Business Studies - AS Level Key Words (3)

?
  • Created by: tayloruk
  • Created on: 13-06-19 12:03
Qualitative Data
This data is NOT in numerical form and is often descriptive.
1 of 14
Quantitative Data
This data IS in numerical form, however less descriptive.
2 of 14
Digital Marketing / E-commerce
The buying and selling of products through an electronic medium such as the internet.
3 of 14
Centralised
Where the majority of decisions are taken by senior managers.
4 of 14
Decentralised
Gives greater authority to employees lower down the organisational structure.
5 of 14
Redeployment
Offers employees a suitable alternative to their job if facing redundancy.
6 of 14
Venture Capital
A mix of loans and share capital from financial institutions and individuals (known as business angels)
7 of 14
Opportunity Cost
The next best alternative that is foregone.
8 of 14
Piece rate
Employees are payed according to the quantity of what they produce.
9 of 14
Outsourcing
When a business uses an outside supplier.
10 of 14
Works Council's
A forum within a business where workers and management meet to discuss issues such as working conditions, pay and training.
11 of 14
Quality Assurance
The maintainance of target quality by attention to detail at every stage of the process.
12 of 14
Delegation
The passing of authority (but not responsibility) down the organisational structure.
13 of 14
Redundancy
When an employee is dismissed because their job no longer exists.
14 of 14

Other cards in this set

Card 2

Front

Quantitative Data

Back

This data IS in numerical form, however less descriptive.

Card 3

Front

Digital Marketing / E-commerce

Back

Preview of the front of card 3

Card 4

Front

Centralised

Back

Preview of the front of card 4

Card 5

Front

Decentralised

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Key Words resources »