24 terms
Absence Management
Strategies to reduce employee absences: monitoring absence patterns, addressing underlying causes, disciplinary procedur...
Understanding markets and customers
absenteeism
Rate of employees being absent from work (illness, personal issues, disengagement).
Analysing human resource performance
Accounting Rate of Return (ARR)
An investment appraisal method that expresses the average annual profit from an investment as a percentage of the initia...
Making financial decisions: improving cash flow and profits
Accounts Receivable (Trade Credit)
Amount customers owe for goods/services already delivered.
Understanding different business forms
Acid Test Ratio
(Liquid Capital Ratio).
Setting financial objectives
Acquisition
Buying existing business/company to gain control.
Analysing financial performance
Adding Value
The process of increasing the worth or usefulness of a product or service beyond its basic function, allowing businesses...
Setting marketing objectives
Advertising
A form of paid communication used to promote products, services, or brands to target audiences through various media (TV...
Advertising (Demand Factor)
Paid promotional communication affecting consumer demand by raising awareness, creating desire, or persuading purchase.
Advertising (Marketing)
Paid communication promoting products/brands to target audiences through media.
Aesthetics (Design)
Visual appeal and appearance of a product.
Alternative Strategies
Different strategic approaches to achieve objectives.
Angel Investor
(see Business Angel in 1.5).
Ansoff Matrix (Strategic)
A strategic growth matrix plotting products (new/existing) against markets (new/existing) to identify four growth strategies.
Strategic direction: choosing which markets to compete in and what products to offer
Ansoff's Matrix
Strategic tool showing growth strategies based on product/market combinations.
Anticipation (Risk)
Recognizing potential future threats/opportunities and preparing responses.
Understanding the nature and purpose of business
Appendices:
All 7 accounting ratios (with formulas), Quantitative skills, Transferable skills.
Appreciation (Currency)
Increase in currency value relative to another.
AQA Section 3.3/3.4 Global Terms:
Globalisation, FDI, MNCs, Trading blocs, Glocalisation, Offshoring, Outsourcing, Global marketing, Cultural adaptation, ...
AQA Section 3.3/3.5 Key Terms:
Ansoff's Matrix (4 strategies), Boston Matrix (4 quadrants), Porter's Five Forces (5 forces), Porter's Strategic Matrix,...
ASEAN
(Association of Southeast Asian Nations).
Asset Finance
Borrowing to purchase specific assets (equipment, vehicles, property).
Autocratic Leadership
Leadership style where leader makes decisions with little/no employee input.
Understanding management, leadership and decision making
automation
Using technology/machines for tasks traditionally done by humans.
Assessing greater use of digital technology