Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
give five reasons for starting a business:
|
1. to pursue an interest or hobby 2. to escape an uninteresting job 3. to use new technology or ideas for making a product 4.to work from home 5.to be your own boss |
|
|
what is a social enterprise?
|
an activity that achieves a reward for society
|
|
|
what is a sole trader
|
the most common and simple form of business organization owned and run by one person
|
|
|
what is a stakeholder?
|
an individual or group with an interest in a business (e.g. employees or people who live in the local area)
|
|
|
what is a takeover?
|
when a business is purchased by another business
|
|
|
what is a target market?
|
the group of consumers aimed at by the business |
|
|
give one example of primary research:
|
Telephone survey
|
|
|
give one example of secondary research:
|
internet data
|
|
|
what is unlimited liability ?
|
the owners of the business is responsible for all the businesses debts
|
|
|
what is revenue ?
|
the amount of money a business receives from selling goods or services
|
