KEY TERMINOLOGY
KEY TERMINOLOGYEntrepreneur - a person who owns and runs their own business and takes risks
Enterprises - another word for businesses
Enterprise - a willingness by an individual or a business to take risks, show initiative and undertake new ventures
Risk - the chance of damage or loss occurring as a result of making a decision,
Goods - Physical tangible products like a car, a pair of scissors or a television set
Services - non physical, intangible like a taxi journey, a haircut or a television programme.
Enterprises - another word for businesses
Enterprise - a willingness by an individual or a business to take risks, show initiative and undertake new ventures
Risk - the chance of damage or loss occurring as a result of making a decision,
Goods - Physical tangible products like a car, a pair of scissors or a television set
Services - non physical, intangible like a taxi journey, a haircut or a television programme.