Reasons for starting a business

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  • Created by: pvtricia
  • Created on: 10-12-13 09:27
Why do people choose to start a business?
Ambition; invention; to earn a profit; you are your own boss; you get to do what you're interested in; the need for that type of business in the area.
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What are risks of starting up a business?
you could lose profit or personal items
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What is a market?
a market is any place where buyers and sellers meet to trade products. they could also be your customers.
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what is a supplier?
A company that provides goods and/or services to other companies as one of the contributors to the development process on the way to the ultimate customer. For example, Tesco's suppliers are Walkers, Cadbury's, Kellogg's etc.
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What are internal customers?
These type of customers are the ones that work within the business, such as staff.
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What are external customers?
These types of customers are the ones that are outside the business, such as mothers, disabled people, families etc.
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Other cards in this set

Card 2

Front

What are risks of starting up a business?

Back

you could lose profit or personal items

Card 3

Front

What is a market?

Back

Preview of the front of card 3

Card 4

Front

what is a supplier?

Back

Preview of the front of card 4

Card 5

Front

What are internal customers?

Back

Preview of the front of card 5
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