Enterprise Flashcards
what is meant by enterprise
where an individual or organization choose a risky or bold new idea or project
what is crowd-funding
funding a project by raising money from a large number of people who each contribute a relatively small amount, typically via the internet.
The people who fund usually get something in return e.g. capital
what is market pull
consumers demand a product. this demand leads to it being developed into a reality
what is technological push
new technology is developed and designers take this and create something which they push to the market
what is a co-operative
organization which is owned and run jointly by its members, who share the profits or benefits.
what is fair trade
trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers.
