Unit 1 Key Terms (1)

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  • Created by: hannahx
  • Created on: 01-01-13 16:29

1. the process whereby resources are converted into a form that is intended to satisfy the requirements of potential customers

  • production
  • primary sector
  • secondary sector
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2. those organisations involved in processing or retreiving the raw materials from the primary sector into finished or semi-finished products

  • secondary sector
  • tertiary sector
  • primary sector

3. signs, logos, symbols or words displayed on a company's products or on its advertising including sounds or music, which distinguish its brand from those of its competitors

  • trademark
  • patent
  • copyright

4. a report describing the market strategy, operational issues and financial implications of a business start-up

  • business plan
  • cash flow forecast
  • marketing

5. the anticipation and satisfying of customers' wants in a way that delights consumers and also meets the needs of the organisation

  • marketing
  • market research
  • demand

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