CCP Foundation Level
Business Environment glossary
Every term this guide defines, A to Z, each with the chapter that teaches it. Open it when a word in a question is unfamiliar, and test yourself on it in the last week: cover the definition and say it in one sentence.
10 terms from the free first chapter
C
- Capital markets
Regulated by the Capital Markets Authority (CMA); the Nairobi Securities Exchange (NSE) is Kenya's securities exchange for equities and bonds.
Taught in Introduction to the business environment
- Central Bank of Kenya (CBK)
The regulator of banks and mortgage finance companies, and the authority responsible for monetary policy (see the chapter on macroeconomic influences) and currency issue.
Taught in Introduction to the business environment
- Commercial banks
CBK-licensed institutions offering the widest range of financial products, including the bulk of formal lending (CCP Credit Management, under consumer credit).
Taught in Introduction to the business environment
I
- Insurance industry
Regulated by the Insurance Regulatory Authority (IRA), covering life, general and specialised insurance, including the credit insurance CCP Credit Management covers.
Taught in Introduction to the business environment
M
- Microfinance institutions
Institutions serving customers underserved by mainstream banks; deposit-taking microfinance banks are CBK-licensed.
Taught in Introduction to the business environment
P
- Pension funds
Regulated by the Retirement Benefits Authority (RBA), a major source of long-term savings and institutional investment in the economy.
Taught in Introduction to the business environment
- Primary sector
Extracts or produces raw materials directly from nature: agriculture, mining, fishing, forestry.
Taught in Introduction to the business environment
S
- SACCOs
Member-owned savings and credit cooperatives, deposit-taking ones regulated by the SACCO Societies Regulatory Authority (SASRA).
Taught in Introduction to the business environment
- Secondary sector
Transforms raw materials into finished or semi-finished goods: manufacturing, construction.
Taught in Introduction to the business environment
T
- Tertiary sector
Provides services rather than physical goods: banking, retail, transport, education, tourism.
Taught in Introduction to the business environment
The full glossary adds every term from the other 9 chapters, A to Z, each with the chapter that teaches it.