1.1.3 Flashcards
The Role of Business Enterprise
1
Q
What is Stakeholder
A
anyone who has an interest in the activities of a business
e.g. its workers, its suppliers, its directors, the local community and the government
2
Q
What is Ethics
A
moral principals or standards that guide the behaviour of a person or business
3
Q
What is USP
A
Unique selling point.
Something that makes a product stand out from its competitors
4
Q
What is Values
A
standards of behaviour or moral principles
5
Q
What is Loyalty
A
wanting to always support something or someone
6
Q
What is Market Share
A
the proportion of sales in a market that are taken by one business
7
Q
What is Economy
A
the system by which a country’s money and goods are produced and used
