Enterprises

Question 1

What are the 4 enterprises

Answer 1

• croudfunding
• Co-operatives
• Virtual marketing and retail
• Fairtrade

Question 2

Crowdfunding

Answer 2

• Crowdfunding is typically an online platform where designers pitch an idea and ask for investment.
• Lots of people make small contributions, choosing to invest in interesting ideas.
• Designers can raise large amounts of money to finance their project.

Question 3

Virtual marketing and retail

Answer 3

• Virtual marketing and retail include advertising a product or service using popular websites and social media.
• A wide range of people can be reached.
• Celebrities or influencers promote products or brands through social media posts, blogs and vlogs.
• Adverts can be posted on popular sites.
• Websites can complete search engines optimisation to ensure they are more visible on keyword searches.

Question 4

Co-opretives

Answer 4

• Groups of people with a common interest or goal form a co-operative.
• Members can be part of the workforce and the customers.
• Each member of the group has an equal share and say in the business.

Question 5

Faitrade

Answer 5

• The workers and farmers who produce materials in developing countries are given more equality. This includes:

. A fair price for their produce.
.Respectable working conditions.
.Better protection of their working and living environments.