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IGCSE Business Studies Key Terms 25 Flashcards | StudBud
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IGCSE Business Studies Key Terms 25
IGCSE Business Studies Key Terms 25
5 terms
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1
the effect of business activities on unrelated parties
Externality
Extrality
Internality
2
business activity said to be sustainable if it has a positive overall impact on the environment
Sustainable development
Social responsibility
Green washing
3
the positive impact of a business decision on society
Social benefit
Social deficit
Social cost
4
analysis of the cost and benefits of a project, the focus being on the social costs & benefits
Opportunity cost analysis
Cost-deficit analysis
Cost-benefit analysis
5
the negative impact of a business decision on society
Social benefit
Social good
Social cost
