Business flash cards 0.0 / 5 ? Business StudiesStarting a businessGCSEAQA Created by: Josh Carey...Created on: 14-12-15 10:50 Primary sector Businesses involved in collecting natural resources or using the land. 1 of 10 Secondary sector Businesses that turn natural resources in to goods. 2 of 10 Tertiary sector Businesses that provide a service. 3 of 10 Social enterprise A business that achieves a reward, for society. (Can be in any of the sectors.) 4 of 10 Entrepreneur Sets up a business in hope to make a profit. They risk losing the money they put into the business and not being succesful. 5 of 10 Mission Statement a statement of the basic principals of the business. The reason it exists and what it is trying to achieve- its mission. 6 of 10 Business aim is a stated target for the future. 7 of 10 Business objective is a clearly defined target for a business to achieve over a period of time. 8 of 10 Stake holder a group of people that have an influence on a business or who are affected by a business. 9 of 10 A gap in the market a new idea or add something different to a product. To fit a certain place in the market (something new.) 10 of 10
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