Flashcards
Business & Enterprise
Cards in this deck (8)
- 1What is enterprise?Enterprise is the ability to achieve a positive result. In addition, using resources effectively.
- 2What is an entrepreneur?An entrepreneur is a person who sets up a business from scratch and uses a variety of skills to achieve the business' goals. An entrepreneur is able to take risks in order to be successful.
- 3The skills of an entrepreneur: Card oneLeadership - Able to lead others and communicate the business' goals to achieve them.
Self-evaluative - Able to know what is successful and what isn't. Able to draw up actions to make the business sucessful. - 4The skills of an entrepreneur: Card twoKnowledgeable - An expert within the business area
Aspiration - Always aim high and sets high expectation of themselves and others.
Visionary - Has optimistic view on how the business will develop. - 5The skills of an entrepreneur: Card threeAdaptability - is able to make changes and cope with unexpected changes.
Decision Making - is able to make effective decisions in the short and long term. - 6The skills of an entrepreneur: Card fourCommunication - is able to communicate effectively with both staff and customer.
Initiative - is able to use their initiative to simplify and overcome problems with ease - 7What is business enterprise?Financial - Lending and investing money to entrepreneurs or starting businesses.
Commercial - Selling goods and services ti consumers.
Industrial - Concerned with creation and products of goods and services. - 8Why do businesses fail?Leadership is not effective and the owner is not investing enough time with their business.
Competition is tough as competitors are offering cheaper goods, innovative products and better customer service.
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- GCSE Applied Business Flashcards on Business & Enterprise, created by Cameron Hodds on 29/09/2015.
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- Cameron Hodds
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