Level 2
Level 1

The Business Environment


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Aim
A broad statement of what a business would like to achieve over a longer period of time
Cash Flow
The amount of money flowing into the business from selling and the amount flowing out of the business to buy materials and pay for bills
Ethics
Principles and values that influence how a business is run
Growth
The increase in size of a business' sales, stores or profit
Legislation
Laws passed to make sure that businesses are responsible
Market Share
The amount of sales a business has compared to the whole market, usually expressed as a percentage
Objective
A specific target for a business to meet, which helps them to achieve their overall aim(s)
Profitability
The ability to make a profit
Stakeholder
A person or group with an interest in the business
Sustainability
Running a business that cares about the resources it uses. E.g. a business that uses a lot of paper might support a tree planting scheme
Trade Union
An organisation that employees can join, which represents their interests