What is a Business?

  • Created by: Amina2408
  • Created on: 27-04-18 11:27
What is a Business?
A Business consists of a owner or owners who may provide a service or a product.
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What does the term self - employment refer to?
Self - employment revolves around a single person who works for themselves. In other words, they are their own boss. This can be called a sole trader. They may hire others to work for them and therefore, a leader (manager or boss).
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Define the term goods, service and customer needs.
Goods - products such as burgers or cars. Service - providing non - physical items or helping people such as Hairdressing or Ring and Ride. Customer Needs - What the customer wants and what they are most likely to purchase (their desires)
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What does the term a "business start up" refer to?
This symbolises a business who is new in the market in which is considered a new firm operating for the first time.
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What is the difference between about customer and a consumer?
Customer -
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Other cards in this set

Card 2

Front

What does the term self - employment refer to?

Back

Self - employment revolves around a single person who works for themselves. In other words, they are their own boss. This can be called a sole trader. They may hire others to work for them and therefore, a leader (manager or boss).

Card 3

Front

Define the term goods, service and customer needs.

Back

Preview of the front of card 3

Card 4

Front

What does the term a "business start up" refer to?

Back

Preview of the front of card 4

Card 5

Front

What is the difference between about customer and a consumer?

Back

Preview of the front of card 5

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