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Business
Chapter 1 - Stakeholders
| Term | Definition |
|---|---|
| Stakeholders | The people affected by the business. Example: Employees,customers and investors |
| Entrepreneur | Is a person who spots an opportunity in the market and takes the titivate to set up the business |
| Investor | Is a person who gives the money to the entrepreneur to set up the business |
| Capital | The money given by an investor to the entrepreneur |
| Debt Capital | The money leaded by investors but charge interest to the entrepreneur |
| Equity Finance | The investor can give the entrepreneur the capital in return for a share in the business |
| Frustration | A person is unable to carry out the contract for some unforeseen seen reason |
| Interest group | Is an organisation which represents the common viewpoint and goals of a particular group |
| Legality of form | An essential element of a contract. They must be able to enter the contract example: Over 18 |
| Rescind the contract | Judge orders the contract to be set aside |
| Specific performance | The person who broke the contract must still carry it out |
| Dynamic Relationship | The relationship between the stakeholders in a business is constantly chaining |
| Innovation to treat | A price tag are not legal offers. |
Created by:
Liamobrien
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