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people in business

TermDefinition
Entrepreneur Those setting up new businesses are called entrepreneurs
Investors Those setting up new businesses are called entrepreneurs
Employer Eventually, entrepreneurs will need to hire staff to help run the business, therefore they become employers
Employee An employee is a person who works for an employer in return for a wage
Consumer This is a person who purchases goods and services at a given agreed price as set out in the market
Producer Producers are successful entrepreneurs who supply the market with finished and partly finished goods
Service Providers This is where firms supply services to businesses.
Interest Groups: An interest group is an organization representing a particular body of people who have a common interest.=
The Dynamic Relationship This means that the relationship in business is always changing.
Created by: jadebrooks
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