Business keywords g - m

Market research is about

Leasing is BUYING an asset - Its yours to keep

Is a system of credit, where the borrower pays a deposit and regular payments but the item is not OWNED till the end

Job sharing = instead of one full time job, it is 2 part time jobs

is the profit made BEFORE expenses have been paid

Location is about the Geographical area

To help workers become familiar with new surroundings and methods of a particular business

is the gross profit EXPRESSED as a % of sales

Loss leaders make no profit, but attract new customers

Logistics is about keeping goods in one place

when there are many different levels of managers

Just in time is when you hold loads of stock in a wharehouse

A manufacturer makes products

property that cannot be touched, inventions, art, books, names symbols

Is a combination of product price promotion & place

The benefits a business gains by being large

Involves increasing the Size of a business by increasing sales, revenue, profits and workforce

job descriptions outline what you do, hours , pay and holidays

Limited liability means the OWNERS are NOT PERSONALLY RESPONSIBLE for the debts of a business

Means the buying or merger of another business making the SAME sort of things

Means that you don't always have to go into the workplace

Job production makes loads of things all the same