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Words for business studies

This is a project about business words and their description.

Gregory Kantor

on 11 March 2010

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Transcript of Words for business studies

Office of fair trading The office of Fair Trading (oFT) is a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforces both consumer protection and competition law, acting as the UK's economic regulator. The oFT's goal is to make markets work well for consumers, ensuring vigorous competition between fair-dealing businesses and prohibiting unfair practices such as rogue trading, scams and cartels. Its role was modified and its powers changed with the Enterprise Act 2002.

Quarterly Profits Quarterly profit is the profit collected in a quarter of year. Shareholding Shareholding is when you hold the business`s shares. Words for Business studies Start-ups Start-up is when you start your business. Takeover Takeover is a action in wich a bigger business takes over a smaller one. Overdraft An overdraft occurs when withdrawals from a bank account exceed the available balance. In this situation a person is said to be "overdrawn". Global joint venture A contractual agreement between 2 or more business partners to assume a common business strategy on a project. This in global. Inflation Inflation is the increase of the cost of something. Innovative product Innovation is a new way of doing something or "new stuff that is made useful". It may refer to incremental and emergent or radical and revolutionary changes in thinking, products, processes, or organizations. Consumer Consumers are people who buy and eat or drink your products
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