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People in business
Unit 1
Term | Definition |
---|---|
The main stakeholders. | 1. Entrepreneur 2. Investor 3. Employer 4. Employee 5. Producer 6. Cosumer 7. Manager 8. Supplier 9. Service provider 10. Government 11. Local community |
What is an entrepreneur? | An entrepreneur is a person who spots a gap in the market and hopes to come up with an idea to develop into a business. They take financial and personal risks and aim to make a profit. |
What is the investors role? | An investor gives money to the entrepreneur to set up their business in exchange for shares in the business. |
Supplier | Supplies businesses with the raw materials they need to make their products. |
Provider | Provides a service to a business. For example; a solicitor service. |