Role of an Entrepreneur

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Entrepreneur
A person who organises, orperates and assumes the risk for a new business venture.
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Intrapreneur
Someone who shows initiative within an already established business
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Profit Maximising
A process that companies undergo to determine the best output and price levels in order to maximise it's return
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Profit Satisfising
Mangers may create a minimum level of profit to keep shareholders happy.
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Risk
When the potential outcomes of a decision are unknown
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Uncertainity
None of the outcomes are known in advance
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Other cards in this set

Card 2

Front

Someone who shows initiative within an already established business

Back

Intrapreneur

Card 3

Front

A process that companies undergo to determine the best output and price levels in order to maximise it's return

Back

Preview of the back of card 3

Card 4

Front

Mangers may create a minimum level of profit to keep shareholders happy.

Back

Preview of the back of card 4

Card 5

Front

When the potential outcomes of a decision are unknown

Back

Preview of the back of card 5
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