Business Studies 9-1 Theme 1.1

Entrepreneurial activity, can also mean a business or company?

• Business

• Enterprise

• Company

• Takeover

Someone who creates a business, taking on financial risks with the aim of making a profit from the business?

• Franchisee

• Entrepreneur

• Specialist

• Franchise

Define the meaning of a consumer?

• Someone who buys the goods and services

• Someone who uses the good and services

• Someone who purchases and sells good and services

• Someone who buys and uses goods and services

Define the term obsolete?

• Not purchased anymore

• Not manufactured anymore

• Out of date or not used anymore

• Not advertised anymore

Using the internet to carry out business transactions?

• L-commerce

• E-commerce

• M-commerce

• T-commerce

Define social media?

• Discussing with others preferred opinions and ideas

• Websites that allows users to interact with other users, by sharing text-based messages, pictures or links.

• Using the internet to purchase goods and services

• Following trends and blogs online

Using mobile technology, such as smartphones and tablets to carry out business transactions?

• M-commerce

• E-commerce

• Payment platform

• Online transactions

The activities involved in buying and selling particular types of good or services, in competition with other companies?

• Market

• Buying & Selling

• Marketplace

• Entrepreneurship

Information particularly statistics, that can be collected and analysed?

• Numeric

• Demographic

• Statistics

• Data

Define the term Demographic?

• Relating to the population, such as average age, average income and so on

• Relating to the geography of the UK

• Relating to people living in the UK who buy and sell products

• Relating primary research and data