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Business Studies for Secondary Schools
Channel of distribution the path or route through which products move from
producers to consumers
Competitive analysis a review of competitors to understand their strengths
and weaknesses in the market
Compliance following or obeying laws, rules, and regulations set by
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authorities
Confiscation the act of taking property away, usually by a
government, due to legal violations
Control number refers to a unique number assigned to a transaction,
document, or item in order to track, verify, or manage
it
Corporate governance the system of rules and practices by which a company
is directed and controlled
Counterfeit fake or imitation products made to look like genuine
ones
Credibility the quality of being trusted or believed in
Customer engagement interacting with customers through various channels to
build a relationship
Customer trends patterns or habits in how customers behave or what
they prefer to buy over time
De-registration the official removal of a business from the register of
legal businesses
Dissolution (of companies) the legal closing or ending of a company’s operations
Distribution arrangements plans or methods for delivering products to customers
Economic diversification expanding the range of economic activities to reduce
dependence on a few sectors or industries
Entity a legal or official organisation or business
Ethical dilemma a situation where a person must choose between two
options that may both be morally challenging
99 Student’s Book Form Three
