Business Activities And Influences On Business Flashcards
1
Q
Business
A
Organization that produces goods and services
2
Q
Goods
A
Tangible products that can be touched or consumed
3
Q
Services
A
Intangible products that other people or businesses provide
4
Q
Consumer products
A
Goods and services that are sold to ordinary people to use
5
Q
Producer products
A
Goods and services produces by one business for another
6
Q
Private sector
A
Business organisations owned by individuals or groups of individuals
7
Q
Public sector
A
Business organisations Owned by the government
8
Q
Stakeholder
A
Someone who is interested in what happens within the business
