As unit 1

What is the primary sector?
Businesses which extract materials from the Earth such as food we need and mining
1 of 10
What is the secondary sector?
Businesses which manufacture products that satisfy our every want such as cars, food and clothes
2 of 10
What is the tertiary sector?
Private companies which are services such as gyms, operating buses
3 of 10
4 reasons people start their own business?
To gain a profit, hobby, redundancy money and be their own boss
4 of 10
What is an entrepreneur?
Someone who makes and starts up a business
5 of 10
6 characteristics of an entrepreneur
Being a risk taker, taking the initiative and being proactive, organiser, having creativity, hard working and being determined
6 of 10
5 factors of a business plan
Summary, marketing, operations, HR and finance
7 of 10
Explain #1 of business plan factors
Describe the business idea
8 of 10
Explain #2 of business plan factors
Field and desk research
9 of 10
Explain #3 of business plan factors
Location, equipment, cost of production and where they buy supplies
10 of 10

Other cards in this set

Card 2

Front

What is the secondary sector?

Back

Businesses which manufacture products that satisfy our every want such as cars, food and clothes

Card 3

Front

What is the tertiary sector?

Back

Preview of the front of card 3

Card 4

Front

4 reasons people start their own business?

Back

Preview of the front of card 4

Card 5

Front

What is an entrepreneur?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Business Opportunities resources »