Random Business words

6. _______________ production involves producing goods infinitely and in large quantities.
7. Labour ________________ measures the percentage of staff who leave an organisation in a given time period.
8. _________________ managers are in charge of a whole organisation or at the top of the hierarchy.
10. The measure of a product or service's level of superiority or inferiority.
11. Workers who are not keen or focused on doing their jobs are ___________________.
12. The point at which income from sales = expenditure and a business stops making a loss.
13. Income is less than revenue expenditure in a period of time.
16. A pricing strategy in which prices are deliberately set at a high level to maximise revenues.
18. The study of how much people want to do something.

1. 'Buy one get one free' is an example of this type of pricing strategy.
2. Product ___________________ is the process of a business making its goods or services unique from competitors'.
3. The net value of a business's liquid or current assets.
4. ________________ production involves producing goods for each individual order.
5. Somebody who starts and runs their own business using their own resources and ideas.
9. The process of meeting candidates for a job vacancy to ask them detailed questions.
14. This measures the extent to which people want to buy a product or service.
15. Finance and man-made assets needed for a business to produce output.
17. A lean production method in which managers at all levels focus on achieving continuous improvement.