1.1.2 Flashcards Preview

Business Edexcel GCSE > 1.1.2 > Flashcards

Flashcards in 1.1.2 Deck (9)
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1
Q

What is Risk

A

the possibility that an enterprise will have lower than anticipated profits or experience a loss

2
Q

What is Financial reward

A

the money that an entrepreneur or investor receives when a business succeeds

3
Q

What is Market research

A

the process of gathering information about the market and customers’ needs and wants in order to help inform business decisions, including product design and marketing

4
Q

What is Revenue forecast

A

a prediction of future revenue based on expected sales; this is either a judgement or based on previous sales patterns

5
Q

What is Cash flow

A

the amount of money coming in and going out of the business and the timing of this movement

6
Q

What is Sales revenue

A

the amount of money that comes in from. A business sales

7
Q

What is Investment

A

Putting money into a business with the intention of making a profit

8
Q

What is Start-up

A

a new business, usually with only a small number of employees- perhaps only one

9
Q

What is Intuition

A

knowing something instinctively or understanding something easily without conscious thought