Course glossary
Here are some worlds which should be familiar for you till the end of the course, try to cover them when you will have free time.
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ShareholderAn owner of shares in a company. | |
Social enterpriseSocial mission driven businesses, with social and/or environmental aims, that use market-based strategies to achieve their goals. Social enterprises can be both non-profit and for-profit. | |
StakeholdersAny individual or party that has an interest in or may be affected by a business and/or its activities. This can include anyone, from shareholders to residents of the local community. | |
Staying informed is crucialManaging business finance is vital if you want your company to grow and expand. Want to learn more about it? Head to our Business Finance section to see articles and guides from leading experts and Workspace customers. | |
Supply chainThe different elements making up the process involved in producing and distributing an item or items. | |
SustainabilityThe use of natural resources with a minimal impact on the environment; e.g. no depletion of resources. For example, a company that manufactured paper would be sustainable if it only made 100 percent recycled paper or planted a new tree for each one it cut down. | |
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TakeoverThe buying out of one company by another. | |
Trade balanceOnly taking visible trade into account (the import and export of physical goods) the trade balance shows a county’s trade position. | |
TrademarkA logo, brand name or phrase legally registered by one company to represent them. | |