1.2 Keywords - Showing Enterprise

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GCSE Business studies Karteikarten am 1.2 Keywords - Showing Enterprise, erstellt von Mr_Lambert_Hungerhil am 21/01/2016.
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Karteikarten von Mr_Lambert_Hungerhil, aktualisiert more than 1 year ago
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Zusammenfassung der Ressource

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Entrepreneur A person who owns and runs their own business and takes risks.
Enterprises Another word for businesses.
Enterprise A willingness by an individual or a business to take risks, show initiative and undertake new ventures.
Risk The chance of damage or loss occurring as a result of making a decision.
Goods Physical, tangible products like a car, a pair of scissors or a television set.
Services Non-physical, intangible products like a taxi journey, a haircut or a television programme.
Thinking creatively (or creative thinking) Coming up with new and unique ideas.
Competitive Advantage An advantage a business has that enable it to perform better than its rivals in the market and which is both distinctive and defensible.
Deliberate Creativity The intentional creation of new ideas through recognised and accepted techniques.
Lateral Thinking Thinking differently to try and find new and unexpected ideas.
Blue Skies Thinking A technique of creative thinking where participants are encourage to think of as many ideas as possible about an issue or a problem.
Invention The discovery of new processes and potential new products, typically after a period of research.
Innovation The process of transforming inventions into products that can be sold to customers.
Patent Right of ownership of an invention or process when it is registered with the government.
Copyright Legal ownership of material such as books, music and films which prevents these being copied by others.
Trademarks The symbol, sign, or other features of a product or business that can be protected by law.
Calculated Risk The probability of a negative event occurring.
Downsides The disadvantages of a course of action, including what can go wrong.
Upsides The advantages of a course of action, including what can go right.
Driven In business, being very motivated.
Mindmap Is a diagram that is used to record words and ideas connected to a central word or idea.
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