Flashcards: Business Terminology Mastery — 18 cards

EU — abbreviation?

European Union, a political-economic union of European countries.

USP — meaning?

Unique Selling Point, a product's distinctive feature.

AOB — purpose?

Any Other Business, for additional meeting topics.

VAT — tax type?

Value Added Tax, a consumption tax on added value.

CEO — role?

Chief Executive Officer, manages overall company operations.

CFO — responsibility?

Chief Financial Officer, oversees financial actions.

MBO — definition?

Management Buyout, management team acquires company assets.

ROI — calculation?

Return on Investment, net profit divided by cost.

PEST analysis — components?

Political, Economic, Social, Technological factors.

SWOT analysis — purpose?

Assess strengths, weaknesses, opportunities, threats.

TNA — full form?

Trainee Needs Analysis, identifies training requirements.

JIT — full form?

Just-in-Time, reduces inventory by synchronized production.

R & D — meaning?

Research and Development, for innovation and new products.

P & L — what?

Profit and Loss statement, summarizes revenues and expenses.

RPI — stands for?

Retail Price Index, measures inflation of retail goods.

APR — full form?

Annual Percentage Rate, total yearly borrowing cost.

MD — role?

Managing Director, oversees company management and strategy.

N/A — abbreviation?

Not Applicable, indicates information not available.