Business Revision 3.0 / 5 based on 2 ratings ? Business StudiesGCSEEdexcel Created by: Lakhvir BainsCreated on: 15-05-13 09:59 Enterprise:- Idea for a business where a individual is willing to take risk and undertake a new venture. 1 of 5 Lateral Thinking:- Thinking differently to find new and unexpected ideas. (e.g.DE BONO'S 6 THINKING HATS) 2 of 5 Stakeholders:- An individual or a group that has an interest in and is affected by the activities of a business. 3 of 5 Calculated Risk:- Abut putting a numerical value or probability on a risk and the likelihood of it coming true. 4 of 5 Tariff:- A tax put on goods imported into a country which makes them more expensive for buyers. 5 of 5
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