1.1 Enterprise and Entrepreneurship

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Payment Platform
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
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Sales Revenue
The amount of money that comes in from a business's sales
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Marketplace
The activities involved in buying and selling particular types of goods and services, in competition with other companies
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Loyalty
Wanting to always support something or someone
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Investment
Putting money into a business with the intention of making a profit
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Market Share
The proportion of sales in a market taken by one business
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Start-up
A new business, usually with only a small number of employees, perhaps only one
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Economy
The system by which a country's money and goods are produced and used
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Intuition
Knowing something instinctively or understanding something easily without conscious thought
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Ethics
Moral principles or standards that guide the bahaviour of a person or business
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Stakeholder
Anyone who has an interest in the activities of a business, such as its workers, its suppliers, its directors, the local community and the government
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Values
Standards of behaviour or moral principles
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Unique Selling Point
Something that makes a product stand out from its competitors
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Enterprise
Entrepreneurial activity (can also mean a business or a company)
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Data
Information, particularly statistics, that can be collected and analysed
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Entrepreneur
Someone who creates a business, taking on financial risks with the aim of making a profit from the business
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Demographic
Relating to the population, such as average age, average income and so on
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Consumer
Someon who buys and uses goods and services
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Risk
The possibility that an enterprise will have lower than anticipated profits or experience a loss
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Obsolete
Out of date or not used anymore
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Financial Award
The money that an entrepreneur or investor receives when a business succeeds
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E-commerce
Using the internet to carry out business transactions
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M-commerce
Using mobile technologies, such as smartphones and tablets, to carry out business transactions
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Market Research
The process of gathering information about the market and customers' needs and wants in order to help inform business decisions, including product design and marketing
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Revenue Forecast
A prediction of future revenue based on expected sales; this is either a judgement orbased on previous sales patterns
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Social Media
Websites that allow users to interact with other users, by sharing text-based messages, pictures or links to online content
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Cash Flow
The amount of money coming in and going out of the business and the timing of the movement
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Other cards in this set

Card 2

Front

The amount of money that comes in from a business's sales

Back

Sales Revenue

Card 3

Front

The activities involved in buying and selling particular types of goods and services, in competition with other companies

Back

Preview of the back of card 3

Card 4

Front

Wanting to always support something or someone

Back

Preview of the back of card 4

Card 5

Front

Putting money into a business with the intention of making a profit

Back

Preview of the back of card 5
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