Page 124 - Business_Studies_F5
P. 124
Student's Book Form Five
Glossary
Artificial intelligence a branch of computer science that aims to create
systems capable of performing tasks such as reasoning,
FOR ONLINE READING ONLY
learning, problem-solving, perception, and language
understanding which typically require human
intelligence
Automation use of technology to perform tasks with minimal human
intervention
Business Model Canvas a strategic management tool that provides a quick
picture and concise overview of how a business creates,
delivers, and captures value allowing entrepreneurs and
managers to assess and iterate their business models
Business opportunities attractive circumstances that present potential for
generating business ideas in a particular market or
industry to realize profit. They may arise from changing
consumer preferences, emerging trends, technological
advancements, market gaps, or new regulations
Business plan a document that serves as a roadmap for entrepreneurs by
guiding them through the process of starting, managing,
and growing their businesses
Business premises physical properties where a business operates its
activities
Capital financial resources, assets, and investments available
for use in production
Certificate of incorporation a legal document issued by the registrar of companies
that confirms the formation and registration of a company
Certificate of registration a document issued by the Registrar of Companies to
confirm that a business has been officially registered
for a particular purpose
Collateral a property that a borrower pledges to a lender as security
for a loan
115 Business Studies for Advanced Secondary Schools
30/06/2024 19:02:39
Business Studies FORM 5.indd 115 30/06/2024 19:02:39
Business Studies FORM 5.indd 115
