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People in Business

TermDefinition
Stakeholders in business Entrepreneur Investor Employer Employee Consumer Producer Manager Supplier Service provider Government Local government
Entrepreneur Spots a gap in the market and turns it into a business. They take financial and personal risks in hope to earn a profit.
Investor Gives money to an entrepreneur to set up their business, in return for shares in the business.
Loan capital Entrepreneur takes a loan from investor and pays it back with interest.
Grant Money given from the government to an entrepreneur that doesn’t need to be paid back as long as they meet certain requirements eg. create so many jobs.
Equity Capital Money invested in a business by an individual or a business in return for the entitlement to shares in a business. (Dividends)
Employer Recruits staff in order to enable the business to run.
Employees Recruited to work in a business in return for a salary/wage
Producer Takes raw material and transforms them into a finished product.
Consumer People who buy or avail of a service for their own purpose.
Manager Responsible for the day-to-day running of a business.
Supplier Supplies a business with raw materials.
Service provider Provides a service for a business in order for it to operate successfully. Eg. Insurance firms
Government
Created by: Lanafitz
Popular Business sets

 

 



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