Page 126 - Business_Studies_F5

Student's Book Form Five

Liability the legal obligation of an individual or entity to settle
debts, fulfill contractual agreements, or address legal
claims
Liquidation the process of closing a business and allowing its assets
to be sold to pay its debts
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Market a place or dynamic system where buyers and sellers
interact to exchange goods and services

Market research systematic gathering of information, analysis, and
interpretation of data related to consumers, competitors,
and market trends that assists businesses in making
decisions

Market volatility the occurrence and degree of price movements of
commodities or stocks’ ups and downs

Mergers and acquisitions merger occurs when two or more companies combine
to form a company while acquisition is when one
company acquires, absorbs or takes over the ownership
of another company and combines their operations.
The act involves taking effective control of assets and
management processes
Middlemen intermediaries who facilitate transactions between
buyers and sellers in a market. Middlemen may include
wholesalers, brokers, distributors, retailers, or agents
who are involved in distribution, marketing, or sales
activities

Non-financial information any type of information presented by the business other
than financial statement numbers such as customer
satisfaction, employees working conditions, brand
loyalty, quality and reliability of products, resources
utilisation, innovation and product development

Pension fund any program or scheme which provides retirement
income

Platforms a structure that facilitates the interactions between actors
involved in a certain activity

117 Business Studies for Advanced Secondary Schools

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