Unit 1 - Understanding Business Activities Flashcards
1
Q
Enterprise
A
Entity with knowledge, skills and desire to run business organizations
2
Q
Overstocking
A
Holding or storing too much inventory or ready goods to be sold
3
Q
Overtrading
A
When a business grows too quickly by taking more work than it is able to complete or finance
4
Q
Merger
A
A merger is combining two or more firms to form a larger enterprise
5
Q
A
6
Q
A
