51 Important Definitions in Business

Lets dive into the 51 Important Definitions in Business for IGCSE & A-Level students of Cambridge, Edexcel, AQA and Oxford educational boards. While looking into the business studies course book, the students might have observed, there are hundreds of definitions given and each of the book is giving different definitions to the same topic. This not only confuses the students but also wastes their time while preparing for the CAIE, Edexcel or AQA examinations.

The trouble don’t stop there, additionally when we dive into the mark schemes, many of the times the definitions given in the books are not even mentioned in the mark schemes like the way its told in the course books. Feeling the heat & trying to support the students, we have developed a comprehensive list of the definitions which are not only important for the students of business studies but will also help them and revising the key concepts before their final attempt.

Download the PDF Files of 51 Important Definitions in Business – IGCSE, A-Levels

Do you know most of the students face a lot of trouble while memorizing the definitions? If you are one of those it’s purely normal scenario. Solution: We have developed an easy formula for memorizing all of the definitions, In short span of time!

Why Business Studies Revision Notes by Sir Afzal Shad?

19+ Years of Teaching Experience to IGCSE/O-Level Students
To the Point and Cambridge Endorsed Definitions & Explanations
Sample Answers from the Past Papers
Activities / Case Studies included for Practice

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List of 51 Important Definitions in Business – IGCSE, A-Level

Business objectives
Added value
Transformation process (A Level)
Triple bottom line
Tertiary sector
Unlimited liability
Franchise
Dividend
External growth
Corporate social responsibility
Delegation
Absenteeism
French benefits
Labour turnover
Labour productivity
Job enrichment
Job redesign (A Level)
Human resource management
Redundancy
Niche market
Person specification
Recruitment and selection
Workforce plan
Segmentation
Niche market
Qualitative research
Quota sample (A Level)
4 C’s of marketing (A Level)
Below the line promotion
Capacity utilization (A Level)
Distribution outlet
USP
Product life cycle
Price skimming
Effectiveness
Mass customization (A Level)
Just in time
CAD & CAM
Contribution
Break even
Margin of safety