English for Business and Entrepreneurship Flashcards

1
Q

Day-to-Day Operations

A

The things that happens on normal days in a business.

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2
Q

Distribution

A

The process of supplying something

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3
Q

Entrepreneur

A

A person who takes an idea and turns it into a successful new business.

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4
Q

Entrepreneurship

A

The making of a new business

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5
Q

Feature

A

A noticeable or important characteristic or a part

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6
Q

Function

A

The way something works

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7
Q

Good

A

The type of product that is tangible

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8
Q

Innovation

A

A new idea or a method

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9
Q

Manufacture

A

To make product or goods from raw material and/or by physical labor or machinery

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10
Q

Market research

A

The collection and study of information about what people prefer to buy,

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11
Q

Non-profit

A

Describes a organization, corporation or company that does not operate to make a profit

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12
Q

Operations

A

Activies that happen as part of running a business.

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13
Q

Prototype

A

The first full-size working version of a product

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14
Q

Risky

A

Involving the posibility of something bad happening

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15
Q

Service

A

A type of product that is intangible.

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16
Q

Small Business Owner

A

A person who owns and manages a small business and responsible for day-to-day operations

17
Q

Startup

A

A business that does not exist before.

18
Q

Supplier

A

A source for goods or services.

19
Q

Tangible

A

Describes something that can be touched

20
Q

Target Market

A

People are most interested in buying a product