Industry Terms

2. A business duty to reduce harm to the environment.
5. External factors that force industries to change but can also create chances for growth or innovation.
7. Laws and rules businesses must follow.
10. Increasing connections between countries through trade, technology and communication.
12. A period when economic activity slows and businesses earn less.
16. Finding effective solutions to challenges.
17. Using machines or technology to perform tasks automatically.
19. Learning new skills to improve performance in a current job.
20. Working together with others to achieve a shared goal.
21. Shared values and behaviours within a workplace.
22. Patterns or changes in consumer behaviour that influence markets.
23. Continuously developing knowledge and skills throughout life.
26. Working outside the traditional workplace using technology.
27. The level of interest customers have in a product or service.
28. Learning new skills to move into a different job.
29. The willingness to change work processes or roles when needed.
30. The network involved in producing and delivering a product to customers.

1. Ongoing efforts to improve products or processes.
3. Cooperating with others to complete a task or goal.
4. Using resources responsibly so future generations are not harmed.
6. Using digital technologies to improve business operations.
8. Hiring another company to complete business tasks.
9. Long-term shifts in global temperatures and weather patterns affecting the planet.
11. Practices and laws that protect workers from harm at work.
13. Processes used to ensure products meet required standards.
14. A lack of workers with the required skills to fill jobs.
15. Moving business operations or jobs to another country.
17. The ability to adjust quickly to new conditions.
18. Rival businesses trying to attract the same customers.
24. How efficiently goods or services are produced.
25. The introduction of new technologies that affect industries and workplaces.