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