chapter1 - introduction to business Flashcards
(6 cards)
1
Q
What is a enterprise
A
a business or organisation that works to make money or provide services
2
Q
What is a entrapenur
A
an individual who takes the risk of starting and managing a business
3
Q
characteristics of a entrepreneur
A
risk taking
innovation
resilience
decision making
4
Q
6 functional areas to a business
A
Marketing
Finance
Human Resources
Operations
Sales
Customer service
5
Q
4 factors of production
A
- Land
- Capital
- Labour
- Enterprise
6
Q
A
