Unlimited Liability - Where a person (usually a sole trader) has no limit to the amount of debt that they are responsible for., Limited Liability - Where if a company gets into debt an individual shareholder is only responsible for the amount of debt that matches their investment. , Public Body - An organisation funded by the government that deliver on a not-for-profit basis., Multi-Use Facility - Leisure centres incorporating additional facilities. , Members Only Club - A private or fee paying club that offer leisure or sports facilities for the exclusive use of its members, Niche Market - A small, specialised market for a particular product or service., Stakeholder - Someone who has an interest in a business., Inflation - The rate at which the cost of goods and services rise., Interest Rates - The amount of a loan that is charged to a borrower., Globalisation - When businesses and organisations develop international operations and influence., Strategy - How a business plan is implemented, Pension - A tax-efficient method of saving during working life to provide an income once retired. , Capacity - The output or performance that a business can provide in a given time., Assets - Property or equipment owned by a business or organisation with a specific value., Cash Flow - The amount of money flowing in and out of a business or organisation., Wastage - The service or stock that is not used to its potential resulting in a monetary loss to the business., Unique Selling Point (USP) - Something that makes a business or its product different to anything else., Corporation Tax - The tax imposed on a companies income and profits., Logistics - The coordination, movement and storage of products or services., Productivity - The economic measure of a businesses potential output.,

Business Baseline Assessment

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