Enterprise,Entrepreneurs,Stakeholders?

Question 1

Define enterprise

Answer 1

Another word for a business

Actions of a risk taker who starts up their own business(entrepreneur)

Question 2

What are some characteristics of an entrepreneur?

Answer 2

Risk taker 
Confidence 
Creativity 
Leadership skills 
Ability to work under pressure

Question 3

What are some positive impacts on the economy made by entrepreneurs and enterprises?

Answer 3

More job opportunities
More competition
Increased GDP
Improved sales/profits

Question 4

What are some negative impacts on the economy made by entrepreneurs and enterprises?

Answer 4

Impacts environment if it folds-resource waste

May reduce GDP

Question 5

What does GNP stand for and define it?

Answer 5

Gross National Products

Goods/services made abroad and brought into the country

Question 6

Define a stakeholder

Answer 6

Any individual or organisation who have a vested interest in the activities and decision making of a business

Question 7

Give some examples of a stakeholder

Answer 7

Creditors
Suppliers
Government 
Customers 
Managers 
Employees
Owners
Society

Question 8

What does a creditor do?

Answer 8

Give the business credit and then the business has to pay it back in a certain amount of days -if not they become insolvent