business framework 0.0 / 5 ? Business StudiesPeople in businessGCSEWJEC Created by: amylingCreated on: 11-05-15 11:28 define enterprise the process by which a new business is formed and new or innotive products/ services are brought to the market 1 of 15 define entrepreneur a person who has an idea which they develop by setting up an new business and encourage it to grow 2 of 15 what are the four factors of production? land, labour, capital and enterprise 3 of 15 give three characteristics of an entrepeneur focused, experienced, determined, confident 4 of 15 what is a business objective a measurable target helping to achieve the businesses aim 5 of 15 what is a business aim? a business aim is the long term goal of a business 6 of 15 true or false?: a business will try to achieve more than one aim true 7 of 15 will a business aims change? why? yes, so they have somethig to work towards 8 of 15 whats a mission statement? a brief summary of the main goals a business has 9 of 15 define a srakeholder an individual or organisation that has an interest or influence in a business 10 of 15 give five examples of a stakeholder customers, owners, workers, government, pressure groups, local commmunity, suppliers,banks 11 of 15 are customers internal or external stakeholders external 12 of 15 are workers of a business such as employees or mangaers internal or external stakeholders internal 13 of 15 what are the owners/ shareholders main interests of a business to make a profit 14 of 15 how do owners/ shareholders influence a business? they sell the products to customers 15 of 15
GCSE AQA business studies Unit 1 starting up a business 5.0 / 5 based on 1 rating Teacher recommended
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