Business Paper 1

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  • Created by: IJM22
  • Created on: 10-01-19 14:21
What is a business enterprise?
The process of identifying new business opportunites
1 of 6
How do new business ideas come about?
Chnages in technology, customer demands, products become obsolete
2 of 6
What does obsolete mean?
When a product is no longer in use
3 of 6
What is an entrepreneur?
Someone who takes risks and starts a business
4 of 6
To run a successful business, what must entrepreneurs?
Organise resources, take risks and make business decisions
5 of 6
What does market mean?
A place where goods are traded between customers and suppliers
6 of 6

Other cards in this set

Card 2

Front

How do new business ideas come about?

Back

Chnages in technology, customer demands, products become obsolete

Card 3

Front

What does obsolete mean?

Back

Preview of the front of card 3

Card 4

Front

What is an entrepreneur?

Back

Preview of the front of card 4

Card 5

Front

To run a successful business, what must entrepreneurs?

Back

Preview of the front of card 5
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