Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


Unit 1 & Unit 2

stakeholders these are people who play a part in the operation of the business e.g entrepeneur
risk is something that entrepeneurs take when investing in a business and if it should failthey bare the loss
entrepeneur someone who uses initiative to bring together all the resources needed to set up a business and bears the risk of loss if it should fail e.g cully & sully
producer is someone that turns raw materials into finished products e.g glanbia turns milk into yoghurt
supplier provides raw materials needed for producers. they compete for contracts
service provider people or an organisation that provide support services to the public or business e.g oz
employer is a person or organisation who hires people to work in return for a wage e.g mccan and byrne
employee employees are hired to do work needed to produce and sell goods e.g worker in mccan & byrne
offer one party makes an offer to another party. it may be oral or written or by conduct . The offer is legally binding if accepted by the offeree
consent to contract each party must give real agreement to the contract. pressure cannot be put on a person to enter a contract
negotiation this is a non legitative method of resolving conflict between stakeholders . both sides enter a series of discussions with offers and counter offers until they reach an agreement acceptable to both
conciliation a non legislative method of resolving conflict between stakeholders. a 3rd party is invited to investigate and listen to both sides of the story. helps both party with a solution e.g factory worker & employer in conflict might ask politician to conciliati
Created by: harrismann420



Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards