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TermDefinition
Entrepreneur Uses initiative to spot a gap in the market and takes the personal and financial risks to set up a business
Owner Individuals or entities that hold legal ownership of a business
Employers Hire employees to work for a business
Employees Work in a business in return for a wage/ salary
Board of directors The governing body of a company
Investors Provide capital for a business
Suppliers Provide the raw materials required by a business
Producers Turn raw materials into a finished product to sell to consumers
Service providers Businesses that supply services
Consumers People who buy or uses goods and services for personal use
Local community The people who live in the area where a business is located
Government Elected representatives and administrative bodies responsible for governing
Trade associations Represent businesses involved in similar types of activities
Interest/ pressure groups Organisations that represent people with a common interest
Created by: Finn374
 

 



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