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Unit 1 and 2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
Customer   show
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show The business itself is the employees directs them according to their agreed contract of employment  
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Negotiation   show
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Trade Association   show
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show This Means that one partymakes a proposal,which is legally binding if it is accepted unconditionally by the other party  
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show The peoplewho play a part in the operation of a business and are effected by it's decision are called stakeholders e.g Cully and Sully, Orla Kielly  
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show An Entrepreneur is a person whouses intiative to bring together all the resources needed to set up a business and bears the risk of loss if it should fail e.g Ryanair  
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show A producer is like a farmer who would milk the cows and send the milk to Glambia so they can sell it in shops  
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show Each business depends on supplies to deliver these material or goods at the right time to a satisfactory quality and at the right price e.g Glambia  
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Service Provider   show
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show Using methods which are not based on laws or on institutions which are set up under laws, For example, Discussing an issue and reaching an agreement  
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show Using the force of law, or some institution set up by law to resolve the conflict  
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Investors   show
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Employees   show
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Consumer   show
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show The Government is a stakeholder in business on behalf of the general public.  
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show Is an organisation which represents a particular group of people who have similar needs or objectives  
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Trade Association   show
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Contract   show
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show This is a quick, cheap and effective way of resolving a consumer dispute involving up to £2000. The consumer can bring the complaint to the District Court for a fee of just £15  
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show Is a way of ending a contract. One party breaks a condition in the contract. E.g A wedding cake can turn up the day after the wedding  
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show Is a clause in a contract which is so important that breaking this clause is the same as breaking a contract  
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show A warranty is a less important clause. Breaking a warranty does not break a concract itself  
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show Means what people are entitled to if denied their rights  
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Unsolicited goods   show
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show It takes place when two disputing parties agree to call in a third party, who they both respect and trust  
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show Some events happens which makes it impossible to carry out the contract, for example, death of one party  
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show This is a way of terminating a contract. Each party agrees to end the contract e.g Couple cancels the cake they ordered for the wedding  
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show A contract may be ended in number of ways e.g Performance each party does what there contracted to do  
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show  
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Created by: bryansmyth10
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