1.1.3 - The Role of Business Enterprise Flashcards Preview

GCSE Edexcel - Business definations and equations > 1.1.3 - The Role of Business Enterprise > Flashcards

Flashcards in 1.1.3 - The Role of Business Enterprise Deck (7)
Loading flashcards...
1

Stakeholder:

anyone who has an interest in the activities of a business, such as its workers, its suppliers, its directors, the local community and the government

2

Ethics:

moral principles or standards that guide the behaviour of a person or business

3

Unique selling point (USP):

Something that makes a product stand out from its competitors

4

Values:

Values: standards of behaviour or moral principles

5

Loyalty:

wanting to always support something or someone

6

Market Share:

the proportion of sales in a market that are taken by one business

7

Economy:

Economy: the system by which a country's money and goods are produced and used