Enterprise

What proportion of UK businesses are SMEs?

• Over 50%

• Over 70%

• Over 90%

• Over 99%

SMEs are

• Small to medium sized enterprises

• Small to modern sized enterprises

• Small to medium sized companies

• Simple to media sized enterprises

Goods are...

• Something that humans cannot live without such as food and clothing

• Something a human desires such as designer clothes

• A physical product such as a car

• An intangible product (ie something that you cannot touch) such as financial advice or a bus journey

Services are...

• Something that humans cannot live without such as food and clothing

• Something a human desires such as designer clothes

• A physical product such as a car

• An intangible product (ie something that you cannot touch) such as financial advice or a bus journey

Needs are...

• Something that humans cannot live without such as food and clothing

• Something a human desires such as designer clothes

• A physical product such as a car

• An intangible product (ie something that you cannot touch) such as financial advice or a bus journey

Wants are...

• Something that humans cannot live without such as food and clothing

• Something a human desires such as designer clothes

• A physical product such as a car

• An intangible product (ie something that you cannot touch) such as financial advice or a bus journey

Entrepreneurial motives are the reasons why people set up a business. They include:

• profit maximisation

• depreciation

• oligopolies

• extrapolation

Entrepreneurial motives are the reasons why people set up a business. They include:

• profit minimisation

• satisficing

• oligopolies

• extrapolation

Entrepreneurial motives are the reasons why people set up a business. They include:

• profit minimisation

• independence and home working

• oligopolies

• glocalisation

Entrepreneurial motives are the reasons why people set up a business. They include:

• profit minimisation

• price skimmimg

• oligopolies

• social entrepreneurship