PTE

To reduce the size of a business or its workforce, often to lower costs or respond to reduced activity.

A business or organization engaged in commercial activity.

A person who starts or organizes a business, taking on uncertainty and responsibility in pursuing an opportunity.

A cost that does not change with the amount produced over the relevant short period and operating range.

A resource used in producing goods or services, such as labor, materials, energy, or equipment.

the goods and materials a business keeps available for sale or use

To make goods, usually in substantial quantities with machinery and an organized process.

the collection and analysis of information about customers and conditions affecting sales

A firm's sales as a proportion of total sales in a specified market during a given period.

To combine two or more businesses into one organization.

The combination of previously separate businesses into one organization.

the official written record of what was discussed or decided at a meeting

Not organized to distribute profits to owners or shareholders, but to pursue a stated purpose.

To arrange for an outside organization to perform work that could otherwise be done within a business.

Time spent working beyond a job's normal scheduled hours.

A business arrangement in which two or more parties share ownership or responsibility for running an enterprise.

Producing a substantial amount of goods or useful work relative to the resources used.

Producing revenue greater than the costs of running an activity or business.

The work of managing how an organization communicates and maintains relationships with the people and groups connected to it.

the process of finding and selecting people to work for an organization

To formally leave a job or position by one's own decision.

To learn new occupational skills, or teach them to workers, so they can perform different or changed work.

Working for oneself through a business or independent activity rather than as an employee of another organization.

A person or organization that owns one or more shares in a company.

Having the training, knowledge, and practiced ability needed to perform a particular kind of work well.

a business that has recently been established, often to develop a new product or service

A cost that changes as the quantity of goods or services produced changes.

Relating to selling goods mainly to retailers or other businesses rather than directly to individual consumers.

the order in which connected work activities are carried out