UNIT 1 - ENTERPRISE Flashcards
1
Q
what is a business
A
produce goods
serve wants and needs
add value
2
Q
whats value
A
taking a good or service and making it more appealing
3
Q
whats conveince
A
selling products online and being direct(next day delivery)
4
Q
whats branding
A
adds value by becoming culturally relevant and trusted
5
Q
whats quality
A
charge higher price comsumer except good quality
6
Q
whats design
A
features such as colours add value
7
Q
an entrepuner
A
organises resources, makes bussiness and takes risk
8
Q
whats USP
A
unique selling point
9
Q
whats the difference between tanigible and intangiable
A
tanigiable can be touched intangiable cant
10
Q
equation for profit
A
profit= cost - sales
11
Q
A
