Business Concepts - 1.1 keywords

Front

RISK & REWARD

Back

The balance between the worst that can happen and the best that can happen

Front

BUSINESS ENTERPRISE

Back

Starting something on your own.

Front

OBSOLETE

Back

Where a product/service is getting fewer sales over time

Front

INDEPENDENCE

Back

The need of many business owners to make their own decisions and be their own boss

Front

LACK OF FINANCIAL SECURITY

Back

Uncertainty for a business owner about day-to-day family income and assets

Front

BRANDING

Back

Giving a product or service ‘personality’, with a name and logo that makes it stand out

Front

UNIQUE SELLING POINT (USP)

Back

An original feature of a product that rivals aren’t offering

Front

ADDED VALUE

Back

Adding a feature that makes a product or service stand out above its rivals

Front

DYNAMIC NATURE OF BUSINESS

Back

Business is ever-changing because external factors, such as technology, are always changing

Front

ENTREPRENEUR

Back

Someone who shows some initiative by taking a risk in setting up, investing in and running a business.