L1.1 The Purpose And Nature Of Business Flashcards
1
Q
Customer
A
The person who buys the item
2
Q
Consumer
A
The person who uses the item
3
Q
A business
A
An organization that produces or supplies a product or service
4
Q
Goods
A
A tangible item
5
Q
Service
A
An intangible item
6
Q
Entrepeneur
A
Someone who takes a risk to start a business
7
Q
Social enterprise
A
An organization started to help a group of people or induviduals and whos main aim is not to make a profit
