IGCSE Chapter 1 Flashcards

(5 cards)

1
Q

What is an Enterprise?

A

An organisation or business managed by one or more individuals who are able to take the initiative to make decisions and take calculated risks.

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2
Q

What is a Business Enterprise?

A

An organisation that has profit as its main aim.

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3
Q

What is a Social Enterprise?

A

An organisation that is started up for social cause for the betterment of society.

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4
Q

Who is an Entrepreneur?

A

A person who starts up a new business or enterprise.

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5
Q

What is a Stakeholder?

A

An individual, group or organisation with an interest in the activities of a business.

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