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Business
5th year
| Question | Answer |
|---|---|
| Entrepreneur | a person who starts and sets up a business |
| Entrepreneurship | the activity of setting up a business |
| Human Relations | entrepreneur skill of dealing with people |
| Innovation | entrepreneur skill of identifying new ideas |
| Networking | connecting with people |
| Proactive | "get up and go" doing things without being asked |
| Reactive | only tries and sort out things once the problem arises |
| Planning | setting goals/targets to be achieved |
| Risk Management | identifying and minimising risks |
| SWOT | strengths, weaknesses, opportunities, threats |
| Time Management | Organising jobs from most urgent to least urgent |
| Factors of Production | land, labour, capital, enterprise |