1.5 key terms Flashcards
1
Q
Define intrapreneurship
A
A system which allows an employee to act like an entrepreneur within an organisation
2
Q
What is an opportunity cost?
A
The benefit lost from the next best alternative. Can be a monetary or non monetary cost.
3
Q
What is a trade off?
A
A trade off arises where having more of one thing potentially results in have less of another. It is the calculation of the opportunity cost.
