the role of business enterprise Flashcards

1
Q

What is a business or enterprise?

A

It is a person or organisation with the purpose of producing goods and services to meet the needs of customers

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2
Q

What is the purpose of all products and services?

A

To meet the needs of customers, often in order to make a profit.

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3
Q

What are some ways to add value?

A

more convenience
unique selling point
greater speed of service
branding
improved quality
better design

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