Enterprise - Chapter 1 Flashcards


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created 1 year ago by coachzain1
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1

Land

natural resources that can be used by an enterprise.

2

Labour

skilled, semi-skilled and unskilled workers who can work for an enterprise.

3

Capital

human-made aids to production.

4

Risk

the possibility that events in relation to an enterprise do not turn out as expected.

5

Business enterprise

a type of enterprise that usually has profit as its main objective.

6

Creative

the introduction of something original and imaginative rather than imitated.

7

Enterprise

a business organised and run by an entrepreneur who makes decisions and takes risks.

8

Innovative

the introduction of something new or different.

9

Positive attitude

the tendency to be optimistic.

10

Social enterprise

a type of entereprise that does not usually have profit as its main objective.

11

Stakeholders

various groups with a strong interest in a particular enterprise, including customers/consumers, employees/employers, suppliers, lenders, the local business community, the local government.

12

Customer

a person or organisation that buys goods and/or serices from an enterprise.

13

Supplier

businesses that provide resources to enterprises which allow them to produce goods and services.

14

Enterprising

the showing of initiative, imagination, energy and resourcefullnes.