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Business unit 1
People in business
| Term | Definition |
|---|---|
| Entrepreneur | This a person who spots a gap in the market and comes up with an idea that they can turn into a business |
| Investor | These are people who provide capital for an entrepreneur |
| Employer | An employer recruits staff. |
| Employee | These are recruited by an Employer to work for a business |
| Producer | They take raw material and turns it into a product |
| Consumer | This is someone who buys goods and services |
| Manager | This is a person who is in charge of day to day running of the bussiness |
| Supplier | This is a business that provides raw materials to other business's |
| Service provider | A service provider provides services to a business to operate successfully |