Business

HideShow resource information
Primary Sector
Business involved in collecting natural recources or using the land e.g. agriculture, fishing, mining, oil and gas extraction,forestry
1 of 15
Secondary Sector
Business that turn natural resources into good e.g. Manufacturing, Construction
2 of 15
Teritary Sector
Businesses that provide a service e.g. Hotel, Catering, Education
3 of 15
Entrepreneur
Individuals who start there own business
4 of 15
Mission Statement
A statement of the basic princibles of the business the reason it exists and what its trying to achieve
5 of 15
Objective
A clearly defined target for a business to achieve over a period of time
6 of 15
SMART Objectives
Specific,Measurable,Achievable,Realistic,Timed
7 of 15
Stake Holders
Someone who has influence in the business or are effected by the business
8 of 15
Trade Credit
The credit extended to you by suppliers who let you buy and pay later
9 of 15
Grant
A sum of money given to an entrepreuner. The government encourage people to start small businesss and grant most of them with a fair sum of money
10 of 15
Overdraft
The right to borrow variable amounts of money up to an agreed limit
11 of 15
Mortgage
A legal agreement by which a bank lends money to an intrest in exchange for taking title of the debtors propertry
12 of 15
Bank Loan
A fixed amount for fixed term with regualr fixed repayments.Borrowing a sum of money from a bank to be payed back with interest
13 of 15
Loans From Friends and Family
An informal agreement where a sum of money is given between friends and family usually to be returned without interest
14 of 15
Social Enterprise
A business that achieves a reward for society (any sector)
15 of 15

Other cards in this set

Card 2

Front

Business that turn natural resources into good e.g. Manufacturing, Construction

Back

Secondary Sector

Card 3

Front

Businesses that provide a service e.g. Hotel, Catering, Education

Back

Preview of the back of card 3

Card 4

Front

Individuals who start there own business

Back

Preview of the back of card 4

Card 5

Front

A statement of the basic princibles of the business the reason it exists and what its trying to achieve

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Starting a business resources »