Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter 1 Keywords

Entrepreneur, investors, interest groups, co-operative relationshop, competitive

TermDefinition
Entrepreneur Spots the gap in the market and accesses capital and takes personal and financial risk to start a business. They may want personal and financial success through self achievement and profit. 19 year old Shane Curran raised over 3m euro infunding
Investors 3 types of investors Provides financial support in exchange for equity and potential returns for future dividends. Fund the innovation needed for business to grow. Enterprise Ireland funds like Act Venue Capital for a share of ownership.
Interest Groups Also known as lobby groups that represent the common viewpoint and goals of particular groups of stakeholders. Seek to influence decision-making through lobbying. In 2024 Small Firms Association lobbied the government to assist small businesses.
Co-operative Relationship When both stakeholders mutually benefit and work towards a common goal. Each stakeholder depends on other stakeholders for value or return, which is a win-win situation. Employers benefit from more productive and effective work in their business.
Competitive Relationship Needs & wants compete with each other, which is a win-lose situation. Occurs when both parties work towards a mutually exclusive goal. If employers give pay-rise they lose as they face higher costs, employees win due to more money earned.
Conciliation Third party becomes involved, tries open communication between parties. Parties would sort a solution out themselves. Someone neutral encourages both sides to talk and listen to each other.
Arbitration An independent third party can listen to both sides of dispute and recommend. Arbitration can be binding or non-binding, Someone not involved in the dispute hears what both parties have to say and give recommendations.
Created by: Vakare.Z
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards