→ Chapter 1 → Start Learning / Download MP3 Flashcards

start learning

Question		Answer
Business start learning		organisation that produces goods or services
Organisation start learning		group that has formed for a particular purpose
Goods start learning		physical products
Services physical products start learning		non
Output start learning		the amount of goods or work produced
Human resources start learning		the department that deals with the employing, training and helping people
Consumer goods start learning		goods and services sold to ordinary people rather than businesses
Producer goods start learning		goods or services produced by one business for another
Needs start learning		basic requirements for human survival
Wants start learning		people’s desire for goods and services
Tool start learning		a piece of equipment that is useful for doing your job
Premises start learning		buildings and land used by a business
Infinite start learning		limitless
Finite start learning		limited
Scarce start learning		resources with limited ability
Private sector start learning		businesses owned by individuals or groups of individuals
Public sector start learning		businesses owned by central or local governments
Stakeholder start learning		individual o group interested in the operations of a business
Entrepreneur start learning		person who takes risks and sets up businesses; individual who risks their own money on business ventures and organises other factors of production
Dispute start learning		serious disagreement or argument
Motivate start learning		encourage someone to do something
Machinery start learning		equipment with moving parts that uses power, such as electricity, to do a particular job
EBITDA start learning		earning before interest, tax, depreciation and amortisation

Chapter 1

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