Business Key Terms

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  • Created by: Preetii
  • Created on: 12-02-21 19:01
Define 'Entrepreneur'
Someone who takes on a financial risks in the hope of profit in their business or businesses.
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Define 'USP'
Is a feauture that differentiates business from its competitors.
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Define 'Convenience'
The next essential of customer experience, is a critical factor in Determining how customers make decisions about what to buy, what services to use, where to go. (Time and Effort)
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Define 'Revenue'
The total amount of income generated by the sale of goods or services related to the company's primary operations.
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Define 'Cash inflow'
Money received by the business from its operations or investments.
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Define 'Commision'
An amount of money paid to an employee that is based on a Percentage of the sales he/she achieved; paid in addition to a basic salary.
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Other cards in this set

Card 2

Front

Define 'USP'

Back

Is a feauture that differentiates business from its competitors.

Card 3

Front

Define 'Convenience'

Back

Preview of the front of card 3

Card 4

Front

Define 'Revenue'

Back

Preview of the front of card 4

Card 5

Front

Define 'Cash inflow'

Back

Preview of the front of card 5
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