business organisation pt 1 0.0 / 5 ? Business StudiesStarting a businessGCSEAQA Created by: Lorlor20011Created on: 23-02-17 16:07 products/good things for sale or use 1 of 12 service doing work for someone and getting paid for it 2 of 12 social enterprise an organization that applies strategies to improve human and environmental well-being 3 of 12 gap in the market an opportunity to produce something that is not yet available but that people would like to have 4 of 12 marketing map way of finding a gap in the market 5 of 12 market niche a small market 6 of 12 franchisee an individual or company that holds a franchise for the sale of goods or the operation of a service 7 of 12 independent business a business that is free from outside control. 8 of 12 aim long term target usually 5+ years 9 of 12 objective short term target usually 1-5 years 10 of 12 survival not going into debt 11 of 12 profit revenue-total cost 12 of 12
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