What could investigating entirely new novel ideas provide for a business?
Business Oppurtunity
2 of 25
Showing a willingness to undertake new ventures is described as what?
Enterprise
3 of 25
What could revising an existing idea; hanging on to the strong parts but using experience, analysis and research to see how to differentiate the product that is being offered from the rest provide?
Business Oppurtunity
4 of 25
How would an economist describe employees?
Labour
5 of 25
What word is used to describe stakeholders who are not directly affected by the outcome of a business project but still have an interest in it?
External
6 of 25
Presenting an undertaking, especially one of some scope, complication and risk is described as what?
Enterprise
7 of 25
Which sector do manufacturers work in?
Secondary
8 of 25
How would an economist describe machinery?
Capital
9 of 25
What word would and economist use to describe entrepreneurs?
Enterprise
10 of 25
What is the return to the owner for taking the risk of borrowing and/or investing their own money in a venture with no guarantee of success if it failed then they would lose the money?
Profit
11 of 25
What is the formulation of new ideas for products and processes?
Invention
12 of 25
Who pays costs?
Businesses
13 of 25
Showing Industrious, systematic activity, especially when directed toward profit is described as what?
Enterprise
14 of 25
What do customers pay?
Prices
15 of 25
If somebody is providing a service which sector do they work in?
Tertiary
16 of 25
What is a provider of finance to keep the business going so the owner doesn't have to borrow even more?
Profit
17 of 25
A business organisation is described as what?
Enterprise
18 of 25
In which sector do people work if they gather raw materials from their prime state?
Primary
19 of 25
What is all about the practical application of new inventions into marketable or usable products and services?
Innovation
20 of 25
What term is given to individuals or groups who are interested in and/or affected by the performance of a business?
Stakeholders
21 of 25
What is a provider of finance to pay for growth?
Profit
22 of 25
What word is used to describe stakeholders who are people and groups that are affected by the outcome of a business project directly?
Internal
23 of 25
What are alternative words for necessities and luxuries?
Needs and Wants
24 of 25
What sector of the economy can be described as knowledge gathering?
Quaternary
25 of 25
Other cards in this set
Card 2
Front
What could investigating entirely new novel ideas provide for a business?
Back
Business Oppurtunity
Card 3
Front
Showing a willingness to undertake new ventures is described as what?
Back
Card 4
Front
What could revising an existing idea; hanging on to the strong parts but using experience, analysis and research to see how to differentiate the product that is being offered from the rest provide?
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