1.1-The Purpose And Nature Of Business Flashcards
1
Q
Goods
A
A physical product, such as a car
2
Q
Service
A
An intangible product, such as a bus journey or advice
3
Q
Customer
A
A customer is someone who buys a product for a business
4
Q
Consumer
A
A consumer is someone who uses goods and services from a business
5
Q
Entrepreneur
A
An entreprenuer is someone whos tarts a bussiness, whilst taking a risk
6
Q
A business
A
A business is an organisation, which produces a good or service
7
Q
Social enterprise
A
A social eneterprise is a business set up for not profit, not to help the world
8
Q
Company
A
A company is a business that has its own legal identity. It can own items,owe money,sue and be sued.
9
Q
Shareholder
A
A shareholder is a person or an organistaion that owns part of a company. They own a “share” of a business
