Topic 1.1 Enterprise And Entrpreneurship

Question 1

What is an enterprise?

Answer 1

An enterprise is a entrepreneurial activity (can also mean a business or company)

Question 2

What is an entrepreneur?

Answer 2

Someone who creates a business taking on financial risks with the aim of making a profit from the business.

Question 3

What is a consumer?

Answer 3

Someone who buys and uses goods and services

Question 4

What is obsolete?

Answer 4

Out of date or not used anymore

Question 5

What is E-commerce?

Answer 5

Using the internet to carry out business transactions.

Question 6

What is M-commerce?

Answer 6

Using mobile technologies, such as smartphones and tablets, to carry out business transactions.

Question 7

What is social media?

Answer 7

Websites that allow users to interact with other users, by sharing text- based messages, pictures or links to online content

Question 8

What is a payment platform?

Answer 8

Enable businesses to take online payments from customers. They are usually free for the customer to use , but take a small amount of commission from the seller