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Business Key Terms Quiz: Definitions and Concepts for Success

Test your knowledge with our engaging quiz that covers essential business terms, ranging from Capital and Revenue to Autocratic and Democratic leadership styles. This quiz not only defines key concepts like Profit, Productivity, and Incentives but also explores types of businesses, growth strategies, and recruitment practices. Perfect for students and professionals alike, you'll gain valuable insights into crucial aspects of the business world. Participate now to win exciting prizes!

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Business Key Terms Quiz: Definitions and Concepts for Success

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  1. Unit 2 definitions quiz with prizes

  2. Define these key terms • Capital • Revenue • Profit • Productivity • Incentive

  3. Define these tooTypes of business terms • Unlimited liability • Private Limited Company • Dividend • Liquidation • Incorporation / incorporated

  4. Growth and location • Merger • Vertical integration • Internal growth • Economies of scale • Footloose

  5. Recruitment • Job description • Person specification • Aptitude test • Induction • Off the job training

  6. Motivation • Job rotation • Job enlargement • Job enrichment • Commission • Piece rate

  7. Others • Autocratic leadership • Democratic leadership • Redundancy • Working time directive • Life long learning • Trade union

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