6458818
Description
Flashcards by megan murphy, updated more than 1 year ago
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Created by megan murphy
over 7 years ago
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| Question | Answer |
| ENTREPRENEUR | A PERSON WHO SETS UP THEIR OWN BUSINESS AND TAKES A FINANCIAL AND PERSONAL RISK TO ACHIEVE THE MAIN AIM OF MAKING A PROFIT |
| INVESTOR | A PERSON WHO TAKES A FINANCIAL RISK. INVESTORS WILL PROVIDE FINANCIAL SUPPORT FOR ENTREPRENEURS IN RETURN FOR A SHARE OF THEIR BUSINESS. |
| CONSUMER | BUY GOODS AND SERVICES FOR THEIR OWN USE, WHICH ARE PROVIDED BY ENTREPRENEURS. |
| PRODUCERS | MANUFACTURE GOODS FOR CONSUMERS TO BUy |
| SERVICE TRADER/PROVIDER | OFFER SERVICES REQUIRED BY ENTREPRENEURS, FOR EXAMPLE FINANCIAL, LEGAL, INFORMATION AND DISTRIBUTION SERVICES. |
| EMPLOYER | EMPLOY STAFF TO PERFORM DIFFERENT TASKS |
| EMPLOYEE | WORKS FOR THEIR EMPLOYER AND CARRIES OUT THE TASKS THEY ARE GIVEN TO DO |
| INTEREST GROUP | AN ORGANISATION WHOSE AIM IS TO INFLUENCE DECISIONS MADE BY THE GOVERNMENT |
| STAKEHOLDERS | ALL THE PEOPLE INVOLVED IN A BUSINESS |
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