Chapter 3 - Enterprise, Business Growth and Size Flashcards
1
Q
what is an entrepreneur?
A
an individual who has an idea for a new business and takes the financial risk of starting up and managing it
2
Q
what is a business plan?
A
a detailed written document outlining the purpose and aims of the business which is often used to persuade lenders or investors to finance a business proposal
3
Q
what is revenue?
A
the amount a business earns from the sale of its products
4
Q
what is a business-start up?
A
a newly formed business - they usually start small but might grow to become much bigger
5
Q
A
