Business Flashcards
Understanding what business is
1
Q
Business
A
Produce and sell for profit
2
Q
Effective
A
Achievement- the goal
3
Q
Efficient
A
No waste -using the least amount of resources
4
Q
Why do business FAIL?
A
Customers don’t need or want what the business is selling
5
Q
Key to a successful business?
A
Identifying needs buy developing a want plus what psychologically drives customers
6
Q
What is E-business
A
Producing and selling upon the internet
7
Q
What are the 3 types of business?
A
Service, manufacturing, and Marketing Business
8
Q
What is an example of service business
A
Uber, airbnb
9
Q
Marketing Business
A
Buy products then resell
10
Q
Manufacturing Business?
A
A process of turning materials into Tangible goods
