click below
click below
Normal Size Small Size show me how
Business Key Words
Key words and defenitions of all leaving certificate business studies chapters
Term | Definition | Examples |
---|---|---|
Entrepreneurs | A person who spots a gap in the market and has the initiative to set up a business and takes the risk involved in setting up a business | Eg Tony Ryan |
Enterprise | Start up phase of a business and describes the actions of an entrepreneur taking a risk and taking the initiative to set up a business | |
Investors | Financially backs an entrepreneur and expects money back at promised rate | |
Consumers | Buy goods and services provided by an entrepreneur | |
Competitive relationship | When two stake holders are pursuing different objective at the others expence it is a win loose situation | Eg can occur between an employer and an employee |
Co-operative Relationship | When two stakeholders work together to pursue the same objective it is a win win situation | Eg can occur between an entrepreneur and investor |
Stakeholder | Are any person involved in the running of a business |