U1 Business Activity

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Created by
Eddie

Cards (6)

  • What are the types of integration?
    Vertical Forwards
    Horizontal
    Vertical Backwards
    Conglomerate
  • What are some motives for an entrepreneur?
    Using redundancy money
    Exploiting a gap in the market
    Financial security
    Providing a service to the local community
    Easy to set up
    Be their own boss
  • What are the characteristics of an entrepreneur?
    Risk Taker
    Taking Initiative
    Decision Maker
    Innovative
    Creative
    Hardworking
    Determined
  • What is the role of an entrepreneur?
    Setting up the business
    Identifying new opportunities to make profit
    Being the business owner
    Organising resources
  • What are the aims of a business plan?
    Secure finance
    Show the future vision of the business
    Identifying what needs to be done to make profit
    Considering opportunities and risks
  • What are the main features of a business plan?
    Business Idea
    Aims of the Business/Mission Statement
    Financial Information
    Owner's CV
    Marketing Mix
    Location/Premises of the Business
    Skills/Experience/Type of Workers Employed