Business topic 1 Flashcards
the people who participate in a business (customers, suppliers, workers)
stakeholders
poor countries
developing countries
rich countries
developed countries
when you get your products ethically from developing countries. The workers receive a fair wage and good working conditions.
fairtrade
the people who provide the products that you sell
suppliers
the respect and support that you give the customers of your business
customer service
clean energy like wind and solar energy
renewable energy
when businesses buy and sell around the world usually because of the cheaper cost of products and labour
globalisation
the company that sells the right to use its products, ideas or services using its name
franchisor
the person or business that can legally sell the products, ideas or services of a company, using its name
franchisee
the money that the franchisee pays to the franchisor (every month or year) to use its products, ideas or services
pay royalties
