1.5 Flashcards
Entrepeneur
intrapreneurs
Employees who use entrepreneurial skills, without having to risk their own money, to find and develop initiatives that will have financial benefits for their employer
reduce risk and prepare for uncertainty
aim
What a business tries to achieve in the long term
objectivities
characteristics
skills
financial and non-financial motives
profit maximisation
An attempt to make as much money as possible in a given time period
forms of business
limited liability
A legal status which means that a business owner is only liable for the original amount of money invested in the business
franchising
private and public limited adv and dis
other form of businesses
stock market flotation
share prices rising and falling
oppurtunity cost
trade offs
options
difficulties in becoming ent to leader
