1.1.1 the dynamic nature of business and 1.1.2 risk and reward Flashcards
1
Q
what is e-commerce?
A
Using the internet to carry put business transactions
2
Q
What in m-commerce?
A
Using mobile technologies to Cary out business transactions
3
Q
What is risk?
A
Doing something with the possibility that something can go wrong
4
Q
what is lack of security?
A
the main risks leaving secure employment to start a new business
5
Q
What is business failure?
A
Running out of money/funds and cat pay for the business to run
6
Q
What is limited liability?
A
Prevents a person being liable for business debts
7
Q
what is a usp?
A
unique selling point
8
Q
What is adaption?
A
The process of modifying a product or service
