unit 3

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Question		Answer
a computer program for electronic, automated recording, tracking and reporting of an organization's financial transactions start learning		accounting software
demand an amount of money as a price for a service or goods start learning		charge
someone who organizes, manages, and takes the risks of a business or enterprise start learning		entrepreneur
a way of thinking that actively seeks out change, rather than waiting to adapt to change start learning		entrepreneurial spirit
an amount of money paid for a particular piece of work or for a particular service start learning		fee
an authorization granted to an individual or group enabling them to carry out specified commercial activities start learning		franchise
put money into financial schemes, shares, property or a commercial venture with the expectation of achieving a profit start learning		invest
begin a plan, a project or introduce a new product start learning		launch
the state of being legally responsible for something start learning		liability
a formal agreement by two or more parties to manage and operate a business and share its profits start learning		partnership
the act of officially allowing someone to do a particular thing; consent or authorization start learning		permission
arrange for something to take place at a time later than scheduled start learning		postpone
the difference between the cost of buying or making something and the price at which it is sold start learning		profit margin
establish a business, institution, or other organization start learning		set up
a self-employed person who owns and runs their business without a business partner start learning		sole trader
a tool that is used to store, organise and analyse data start learning		spreadsheet
an arrangement to receive something, typically a publication, regularly by paying in advance start learning		subscription
a new activity that may not be successful start learning		venture

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