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People in business

Leaving Cert Business Studies

TermDefinition
Entrepreneur: Those setting up new businesses are called entrepreneurs.=
Investors. Those setting up new businesses are called entrepreneurs.=
Employer: Eventually, entrepreneurs will need to hire staff to help run the business, therefore they become employers. =
Employee: An employee is a person who works for an employer in return for a wage.=
Consumer: This is a person who purchases goods and services at a given agreed price as set out in the market.=
Producer: Producers are successful entrepreneurs who supply the market with finished and partly finished goods. =
Service Providers: This is where firms supply services to businesses.=
Interest Groups: An interest group is an organisation representing a
particular body of people who have a common interest.=
The Dynamic Relationship This means that the relationship in business is always changing. =
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