understanding business activity, 3 Enterprise, business growth and size Flashcards

1
Q

Entrepreneur

A

an individual who has an idea for a new business and takes the financial risk of setting up and managing it

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2
Q

business plan

A

detailed written document outlining the purposes and aims of a business which is often used to persuade lenders or investor to finance a business proposal

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3
Q

revenue

A

the amount a business earns from the sale of its production

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4
Q

business start-up

A

a newly formed business. They usually start small, but some might grow to become much bigger

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