Definitons of key terms in business studies...

*Partnership - A effective form of credit seam governing body in which two or more people - the calveners - duty collectively. *Fixed Cost - Those costs, which, in the minuscule run, do not vary with output. *Marketing - The duty race that aims to link the vocation to the customer and aims to get the right intersection point to the right typeset at the right time. *Market share - A part of the foodstuff for a product do up of consumers manduction common characteristics. This segment can because be targeted with portion marketing strategies. *Private Limited family - An incorporated business that is owned by shareholders but does not have the legal right to offer shares for sale to the public. * strategy - A semipermanent plan of action, aiming to achieve a limited objective. *Product phylogeny - Aiming to tuck marketing objectives by innovation and developing smart products or by adapting and updating alive ones. *Product druthers - Focusing on the d esign and property of the product, often do in traditional ways, rather than on using market research to establish the products that are almost likely to be successful in the market. *Market penchant - A business strategy focusing on the inescapably and wants of consumers and developing products to meet them. *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 responsiveness of adopt for a product following a reposition 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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