Unit 7H Glossary
BTEC Level 3 Business Studies. Unit 7: Business Decision Making
Business skills - Financial management, marketing, problem solving, networking, communication, negotiation etc
Executive summary - A concise overview of the key points of a longer document, such as a report.
Financial risk - The likelihood of a company losing money as a result of decisions made.
Financial software packages - Computer programmes to help businesses track, analyse and manage their revenues and expenditure.
Formal business report - Documents used to convey information in a professional manner.
IT skills - The ability to effectively make use of hardware and software available to perform business activities.
Legal risk - The threat of legal action as a result of business activity.
Presentation software - Computer programmes that create visuals to accompany a speech or presentation.
Reputational risk - The likelihood that an activity could fail to meet stakeholder expectations.
