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Key Terms for Unit 4 BTEC National in Business - (copy)

AB
CopyrightLaw that states the original creator of work has control over people using and making copies of it
Corporate ImageThe impression of the firm is created in the mind of a member of the public
DatabaseA computer for storing data records
DefamationSaying or writing about someone that damages his or her reputation or causes financial lossess
EndorsementPaying a celebrity to use your porduct or service publicly
Error ManagementIdentifying the causes of errors and taking appropriate actions to ensure that they do not recur
External informationInformation found from outside the company
ExtrapolationIdentifying a trend and extending it into the future to predict what may happen
Flow ChartDiagram showing a process that involves a number of steps and a series of decisions
Internal InformationInformation found from within the company
LogoAn emblem used as the badge of a company on promotional material
PatentRegistering a patent on an invention prevents others from making and selling it without permission for a period of years
Primary DataOriginal information that you have found for yourself
Publicity materialPublications produced by the firm that are intended to attract attention and promote sales
Qualitative informationThe opinions and preferences of individuals
Quantitative informationResearch that produces results in the form of numbers
Search enginesFacilities on the internet that allow you to search for websites dealing with topics of interest
Secondary dataInformation found from previously published or written sources, either within or outside the firm
SpreadsheetA computer program that allows the user to manipulate figures and perform complex mathematical tasks
StraplineA memorable phrase used by a company to draw attention to the product, or to inform the customer



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