Wednesday, May 22, 2024
The process of attracting potential candidates to apply for employment opportunities available at an organisation.
Organisations or institutions that offer activities designed to improve the competence and ability of individuals to better enable an organisation to meet its objectives. RTOs provide nationally recognised training and qualifications
The system of laws enacted by Federal, State and local governments that affect the conduct of businesses in an industry
A law, licence or restrictions imposed on an industry or business by a government.
When one aspect of progress improves and strengthens another
A means of transferring risk from one organisation to another and is effectively insurance for insurance companies.
A combination of salary, bonuses, recognition and benefits that employees receive relative to their role and performance.
Future-oriented, longer term activities that result in technological advances based around three stages: research, invention and innovation.
Materials, labour, technology and machinery.
The purchasing of products and services perceived to have a positive (or a less negative) influence on the environment or engaging businesses that attempt to effect related positive social changes.
Organisation selling in relatively small units to the final consumer
The proportion of employees retained in existing employment compared to the previous year.
The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organisation before any costs or expenses are deducted. Revenue is shown usually as the top item in an income (profit and loss) statement from which all charges, costs, and expenses are subtracted to arrive at net income. Also called sales or turnover.
The systematic research, examination and measurement of the risk associated with different business activities. Allows business to make informed decisions and plans for the future.
A plan devised by an organisation that attempts to manage negative uncertainties.
The task of managing (or reducing) the risk (chances) involved in the course of business i.e. the chance of loss is effectively reduced. In business, this is using a range of strategies to manage the risk that an adverse event may occur. 
A fee paid to the owner of an idea or product for the right (or permission) to produce that product.

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