1.1.2 - Risk and Reward Flashcards Preview

GCSE Edexcel - Business definations and equations > 1.1.2 - Risk and Reward > Flashcards

Flashcards in 1.1.2 - Risk and Reward Deck (9)
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1

Risk:

Risk: the possibility that an enterprise will have lower than anticipated profits or experience a loss

2

Financial reward:

Financial reward: the money that an entrepreneur or investor receives when a business succeeds

3

Market research:

the process of gathering information about the market and customers' needs and wants in order to help inform business decisions, including product design and marketing

4

Revenue forecast:

a prediction of future revenue based on expected sales; this is either a judgement or based on previous sales patterns

5

Cash flow:

Cash flow: The amount of money coming in and going out of the business and the timing of this movement.

6

Sales revenue:

The amount of money that comes in from. A business sales

7

Investment:

Putting money into a business with the intention of making a profit

8

Start-up:

a new business, usually with only a small number of employees- perhaps only one

9

Intuition:

Intuition: knowing something instinctively or understanding something easily without conscious thought