ENTREPRENEURIAL ACTIVITY (CAN ALSO MEAN A BUSINESS OR COMPANY)
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ENTREPRENEUR
SOMEONE WHO CREATES A BUSINESS, TAKING ON FINANCIAL RISKS WITH THE AIM OF MAKING A PROFIT FROM THE BUSINESS
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CONSUMER
SOMEONE WHO BUYSAND USES GOODS AND SERVICES
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OBSOLETE
OUT OF DATE OR NOT USED ANYMORE
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E-COMMERCE
USING THE INTERNET TO CARRY OUT BUSINESS TRANSACTIONS
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M-COMMERCE
USING MOBILE TECHNOLOGIES, SUCH AS SMARTPHONES AND TABLETS, TO CARRY OUT BUSINESS TRANSACTIONS
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SOCIAL MEDIA
WEBSITES THAT ALLOW USERS TO INTERACT WITH OTHER USERS, BY SHARING TEXT-BASED MESSAGES, PICTURES OR LINKS TO ONLINE CONTENT
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PAYMENT PLATFORMS
ENABLE BUSINESSES TO TAKE ONLINE PAYMENTS FROM CUSTOMERS. THEY ARE USUALLY FREE FOR THE CUSTOMER TO USE, BUT TAKE A SMALL AMOUNT OF COMMISION FROM THE SELLER
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MARKETPLACE
THE ACTIVITIES INVOLVED IN BUYING AND SELLING PARTICULAR TYPES OF GOODS OR SERVICES, IN COMPETITION WITH OTHER COMPANIES
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DEMOGRAPHIC
RELATING TO THE POPULATION, SUCH AS AVERAGE AGE, AVERAGE INCOME AND SO ON
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RISK
THE POSSIBILITY THAT AN ENTERPRISE WILL HAVE LOWER THAN ANTICIPATED PROFITS OR EXPERIENCE A LOSS
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FINANCIAL REWARD
THE MONEY THAT AN ENTREPRENEUR OR INVESTOR RECEIVES WHEN A BUSINESS SUCCEEDS
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MARKET RESEARCH
THE PROCESS OF GATHERING INFORMATION ABOUT THE MARK AND CUSTOMERS' NEEDS AND WANTS IN ORDER TO HELP INFORM BUSINESS DECISIONS, INCLUDING PRODUCT DESIGN AND MARKETING
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REVENUE FORECAST
A PREDICTION OF FUTURE REVENUE BASED ON EXPECTED SALES; THIS IS EITHER A JUDGEMENT OR BASED ON PREVIOUS SALES PATTERNS
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CASH FLOW
THE AMOUNT OF MONEY COMING IN AND GOING OUT OF THE BUSINESS AND THE TIMING OF THIS MOVEMENT
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SALES REVENUE
THE AMOUNT OF MONEY THAT COMES IN FROM A BUSINESS' SALES
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INVESTMENT
PUTTING MONEY INTO A BUSINESS WITH THE INTENTION OF MAKING A PROFIT
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START-UP
A NEW BUSINESS, USUALLY WITH THE ONLY A SMALL NUMBER OF EMPLOYEES - PERHAPS ONLY ONE
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INTUITION
KNOWING SOMETHING INSTINCTIVELY OR UNDERSTANDING SOMETHING EASILY WITHOUT CONCIOUS THOUGHT
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DATA
INFORMATION, PARTICULALY STATISTICS, THAT CAN BE COLLECTED AND ANALYSED
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STAKEHOLDER
ANYONE WHO HAS AN INTEREST IN THE ACTIVITIES OF A BUSINESS, SUCH AS ITS WORKERS, IT'S SUPPLIERS, IT'S DIRECTORS, THE LOCAL COMMUNITY AND THE GOVERNMENT
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ETHICS
MORAL PRINCIPLES OR STANDARDS THAT GUIDE THE BEHAVIOUR OF A PERSON OR BUSINESS
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UNIQUE SELLING POINT (USP)
SOMETHING THAT MAKES A PRODUCT STAND OUT FROM ITS COMPETITORS
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VALUES
STANDARDS OF BEHAVIOUR OR MORAL PRINCIPLES
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LOYALTY
WANTING TO ALWAYS SUPPORT SOMETHING OR SOMEONE
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MARKET SHARE
THE PROPORTION OF SALES IN A MARKET THAT ARE TAKEN BY ONE BUSINESS
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ECONOMY
THE SYSTEM BY WHICH A CONTRY'S MONEY AND GOODS ARE PRODUCED AND USED
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Other cards in this set
Card 2
Front
SOMEONE WHO CREATES A BUSINESS, TAKING ON FINANCIAL RISKS WITH THE AIM OF MAKING A PROFIT FROM THE BUSINESS
Back
ENTREPRENEUR
Card 3
Front
SOMEONE WHO BUYSAND USES GOODS AND SERVICES
Back
Card 4
Front
OUT OF DATE OR NOT USED ANYMORE
Back
Card 5
Front
USING THE INTERNET TO CARRY OUT BUSINESS TRANSACTIONS
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