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Description
Flashcards by jadepalmer98, updated more than 1 year ago
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Created by jadepalmer98
over 10 years ago
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| Question | Answer |
| Product | A good or service sold by the business |
| Profit | More income than expenditure |
| Enterprise | The ability to get up and go |
| Liability | Responsibility for debts of business, limited means only the money you can put in you get out, unlimited is opposite |
| Sole Trader | The only owner of the business |
| Interdependence | All sectors rely on each other |
| Specialisation | Stay in the sector they are good at - become more efficient |
| Stakeholders | Any people or groups of people who have an interest in a business |
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