Purpose And Nature Of Business Flashcards
1
Q
Consumer
A
A person who uses the product . E.g: your parents buy you a phone and you use it
2
Q
Entrepreneur.
A
Someone who starts a business alone and takes risks
3
Q
Service
A
Is an intagable item .
4
Q
Customer
A
Someone who buys the product
5
Q
Social enterprize
A
Organisation set up to help . Their main priority isnt to make profit .
6
Q
Goods
A
A tangable item used to make profit
7
Q
Business
A
An organisation which produces a good or service
