Enterprise 0.0 / 5 ? Business StudiesBusiness PlansASCIE Created by: Jeon32666Created on: 22-03-19 06:25 Consumer goods The physical and tangible goods sold to the general public, it includes durable and non durable consumer goods 1 of 8 Consumer services The non tangible products sold to the general public which includes hotel accommodation, holidays etc. 2 of 8 Capital goods The physical goods used by industries to produce other goods and services 3 of 8 Added value The difference between cost of materials bought and the price the finished goods are sold for 4 of 8 Opportunity cost The benefit of the next most desired option that is given up 5 of 8 Entrepreneur Someone who takes the financial risk of starting and managing a new venture 6 of 8 Social enterprise A business with mainly social objectives that reinvests most of its profit into benefiting society rather than maximising returns to owners 7 of 8 Triple bottom line The three objectives of social enterprises: economic,social,environmental 8 of 8
Comments
No comments have yet been made