Definitions 0.0 / 5 ? Business StudiesStarting a businessGCSEAQA Created by: [email protected]Created on: 18-11-21 09:32 When a business makes a product or service that makes it better than competitors Adding Value 1 of 10 A person who sets up a business taking on risks Entrepreneur 2 of 10 Management of large amounts of money Finance 3 of 10 Where two of more people own a business Partnership 4 of 10 Where one person owns a business Sole Trader 5 of 10 A long term thing that wants to be achieved Aim 6 of 10 A goal that is SMART Objective 7 of 10 A person that owns a part of a business Stakeholder 8 of 10 A proportionate saving in costs gained by an increased level of production Economies of Scale 9 of 10 Commercial transactions conducted on the internet E-Commerce 10 of 10
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