Chapter 2

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Question Answer
Objective
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goal or target set by a business
Executives
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managers in an organizations or company who help make important decisions
Diversify
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to increase in the range of goods or services produced
Financial return
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money return
Profit maximization
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making as much profit possible in a given amount of time
Shareholders
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owners of limited companies
Dividends
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share of profit paid to shareholders
Profit satisficing
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making enough profit to satisfy the needs of business owners
Negotiation
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official discussions between two representatives of opposing groups who are trying to reach an agreement
Outcome
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result of an action
Evolve
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to develop and change gradually over a long period of time
Sustained
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continued for a long time
Legislation
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law or set of laws
Emissions
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gas or other substances that are send into the air
Evolve
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to develop and change gradually over a long period of time
Sustained
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continued for a long time
Legislation
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law or set of laws
Emissions
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gas or other substances that are sent into the air
Automation
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use of computers and machines instead of people to do a job
Economies of scale
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financial advantages of producing something in very large quantities
Large business
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employs more than 250 people
Small business
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employs fewer than 50 people
Revenue
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money from sales

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