Role of an Entrepreneur (1.5.1) Flashcards
1
Q
What is the role of a business?
A
To sell products to Customers
2
Q
What are the two types of Products a business can sell?
A
Goods and Services
3
Q
What are goods?
A
Physical products e.g. Phone Case, Car
4
Q
What are services?
A
Products you cant touch e.g. Dental Services, hairdresser
5
Q
What is Intrapreneurship?
A
When entreprenuers want their satff to be more entraprenuirial.
6
Q
What does Intrapreneurship help do?
A
It helps discover new business ideas as gives staff time to think
7
Q
What are the roles of an entrepreneur? (4 Things)
A
-Spot business opportunities
-Take calculated risks
-Create growth
-Organize business resources
