The Purpose And Nature Of Business Flashcards
1
Q
Consumer
A
Someone who uses a product
2
Q
Customer
A
Someone who buys a product
3
Q
Goods
A
A tangible/material item (eg: a game) that can be provided by a business like ebay
4
Q
Service
A
An intangible item that businesses provide, such as knowledge, coaching, training etc
5
Q
Entrepreneur
A
Someone who is willing to take risks to start a business
6
Q
Business
A
An organisation which provides or produces goods or services
7
Q
Social enterprise
A
An organisation who provides goods or services, like a business, that typically doesnβt look for profit. Eg: NHS, charities, shelters
