Page 106 - Bisiness Studies_Form_3

Business Studies for Secondary Schools

Glossary

Authority refers to the power or right to give orders, make decisions,
and enforce obedience

FOR ONLINE READING ONLY
Advocacy public support or recommendation for a particular cause or
policy, often aimed at influencing decisions

Affirmations positive statements or declarations that someone repeats to
encourage confidence and belief
Annual returns a report that registered companies must file yearly,
containing details of company operations and finances

Asset anything valuable that a business owns, such as equipment,
land, or money

Boutique a small specilised shop usually selling fashionable clothing,
accessories or unique products

Branding the process of creating a unique name, design, or image for
a product or business

Bureaucratic hurdles complicated administrative procedures that make business
registration or operation difficult

Burden a cost, debt or duty that is hard for a business to manage

Capacity building training or development activities aimed at improving
the knowledge, skills, and abilities of individuals or
organisations

Capital money or resources used to start or operate a business

Capital composition the breakdown or structure of the money and resources
contributed by the business owners

Cartels groups of businesses that agree to control prices or limit
competition unfairly
Cash flow statement a financial document showing the inflow and outflow of
money in a business over time

Catalogue a complete list of items used for advertising or selling, often
with descriptions and prices

Student’s Book Form Three 98