1.1.1 The Dynamic Nature of Business Flashcards
1
Q
Dynamic Nature of Business
A
The idea that
business is ever-changing because external
factors, such as technology, are always changing.
2
Q
Venture Capital
A
Risk capital provided by an
investor willing to take a risk in return for a
share in any later profits; the venture capital
provider will take a share stake in the business.
3
Q
Branding
A
Giving a product or service
‘personality’, with a name and logo that makes
it stand out.
4
Q
Unique Selling Point
A
An original feature
of a product that rivals aren’t offering.
5
Q
Value Added
A
The difference between the
selling price and the cost of bought-in goods and services (the difference that creates the possibility of profit).
