BOOKLET 1 (1) 0.0 / 5 ? Business StudiesStarting a businessGCSEAQA Created by: rumzxoCreated on: 21-09-17 16:59 Someone who buys the product Customer 1 of 34 Someone who uses the product consumer 2 of 34 A product that cannot be touched Service 3 of 34 A small market that a product is aimed at Niche Market 4 of 34 A large market a organisation is aiming its products at Mass Market 5 of 34 A person who organises, manages and takes on risk Entreprenuer 6 of 34 Someone with social objectives Social enterpirse 7 of 34 why do people start a buisness to be their own boss 8 of 34 when a product is unique gap in the market 9 of 34 primary and secondary research market research 10 of 34 first hand research Primary research 11 of 34 primary research benefits accurate 12 of 34 secondary research adv cheap 13 of 34 secondary research disadv less reliable 14 of 34 primary research disadv expensive 15 of 34 second hand research secondary research 16 of 34 something that is made for the first time invention 17 of 34 transforming a invention into a product customers will buy inovation 18 of 34 where a business wants to be in the future business aim 19 of 34 targets on how to achieve the aim business objective 20 of 34 The word S from smart specific 21 of 34 The word m from smart measurable 22 of 34 The word a from smart achievable 23 of 34 The word r from smart realistic 24 of 34 The word t from smart time 25 of 34 someone interested and affected by the business stakeholder 26 of 34 keep the business up without being bankrupt survival 27 of 34 when u meet customer needs customer satisfication 28 of 34 possibility of something going wrong risk 29 of 34 not sure of whats going to happen uncertainity 30 of 34 a detailed plan on strategies and how to achieve goals business plan 31 of 34 an individual or business who has been given the rights to sell another companies products franchisee 32 of 34 the owner of the company that gives u the right to use their name franchisor 33 of 34 a fee to pay to use business concept royalty payement 34 of 34
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