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Unit 6 F-Focus
| Question | Answer |
|---|---|
| Administration | the process or activity of running a business or organization |
| Business | a person’s regular occupation, profession, or trade |
| Business plan | A written plan that describes how a new business is going to achieve its goals |
| Consumer | a person who purchases goods and service for personal use |
| Efficiency | the state or quality of being efficient |
| Entrepreneurship | the development of a business from the ground up |
| Evaluate | form an idea of assess |
| Industry | economic activity concerned with the processing of raw materials and manufacture of goods in factories |
| Marketing | the action or business of promoting and selling products or services including research and advertising |
| Producer | a person, company, or country that makes, grows, or supplies goods or commodities for sale |
| Profits | a financial gain especially the difference between the amount earned and the amount spent |
| Spreadsheet | an electronic document in which data is arranged in the rows and columns of a grid and can be manipulated and used in calculations |
| Strategy | a plan of action or policy to achieve a major or overall aim |
| Supply and Demand | the amount of a commodity, product or service available and the desire of buyers for it |
| Tactics | an action or strategy carefully planned to achieve a specific end |
Created by:
BlueNeedle
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