Business

The ability to handle uncertainty and deal effectively with change.

Enterprise

1 of 6

Someone who starts and runs a business and has the responsibility for the risks involved.

Entrepreneur

2 of 6

The cost of an activity expressed in terms of the next best alternative, which has been given up when making a choice.

Oppurtunity Cost

3 of 6

When an entrepreneur identifies the oppurtunity to offer a product or service that does not already exsist.

Gap in the market

4 of 6

A small segment of a market, which has a particulary suitable target audience, for a specific product.

Market Niche

5 of 6

the protection given to music, books, plays, films and music.

6 of 6

Other cards in this set

Someone who starts and runs a business and has the responsibility for the risks involved.

Entrepreneur

The cost of an activity expressed in terms of the next best alternative, which has been given up when making a choice.

When an entrepreneur identifies the oppurtunity to offer a product or service that does not already exsist.

A small segment of a market, which has a particulary suitable target audience, for a specific product.

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