Business In The Real World Flashcards
1
Q
Enterprise
A
This is the drive or motivation from the owners to start a business.
2
Q
Labour
A
People to work in the business.
3
Q
Business
A
A business is an organisation designed to provide a product or service
4
Q
Product
A
A product is anything that is tangible and is anything that is capable of satyisfying a customer.
5
Q
Enterprise
A
This can be defined as: A company or business. It also can mean a complex project.
6
Q
Entrepreneur
A
An entrepreneur can be defined as: A person who starts a business and takes on financial risk in the hope of making a profit.
7
Q
Primary sectror
A
The primary sectors extract raw materials from the planet.
8
Q
Secondary sector
A
In the secondary sector goods are manufactured from raw materials into ginished good.
