There are many specialist terms and concepts used in business studies - from 'above the line' to 'work to rule' and Gem Basic Facts explains all the terms likely to be met by those studying the subject at GCSE or Standard Grade in the UK (and for other courses appropriate to 16 year olds). The book is ideal both as a companion to course work and for quick reference while doing revision. For this edition the text has been updated and redesigned using full colour.