Role of enterprise Flashcards
1
Q
What is the role of enterprise
A
A person or organisation with the purpose of producing goods and services to meet the need to suppliers
2
Q
What is the def of added value
A
Added value is the cost to make it vs the cost of selling it
3
Q
5 ways to add value
A
Branding Better design More convenience Faster service Better quality
4
Q
3 roles of entrepreneurs
A
Takes risks
Makes business decisions
Organises resources
5
Q
What is a entrepreneur
A
A person who owns and runs their own business and is willing to take risks
