BTEC Enterprise Component 1 A+B

Features that are typical of a particular enterprise

• Characteristics

• Goods

• Services

• Small and Medium Enterprise

Physical products that can be purchased

• Characteristics

• Goods

• Services

• Small and Medium Enterprise

Acts or tasks carried out by an enterprise that can be purchased

• Characteristics

• Goods

• Services

• Small and Medium Enterprise

Enterprises with fewer than 250 staff

• Characteristics

• Goods

• Services

• Small and Medium Enterprise

Something that is one of a kind - the only one.

• Unique

• Independent

• Chains

• Retain

Businesses that are not part of a larger chain or organisation

• Unique

• Independent

• Chains

• Retain

A group of businesses such as hotels or coffee shops owed by one parent company.

• Unique

• Independent

• Chains

• Retain

Ensuring that a customer stays with a enterprise and does not take their custom to a competitor

• Unique

• Independent

• Chains

• Retain

The opinions that customers have about an enterprise

• Reputation

• Budgets

• Profit

• Loyalty

The amount of money put aside for a particular purpose

• Reputation

• Budgets

• Profit

• Loyalty