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Description
Unit 1 Business
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business
unit
1
Mind Map by
ethan cheshire
, updated more than 1 year ago
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Created by
ethan cheshire
about 9 years ago
10
0
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Resource summary
revision
business start up
entrepreneurs
this is someone that starts up a business from there home, office, van and etc
enterprise
an enterprise is a personal initiative to do something or a new business
Gap in the market
A gap in the market is a business opportunity that is either a completely new idea
public and private sectors/sectors of economy
private
m&S
tescos
sainsburys
public
NHS
armed forces/police
education
privatisation
When the government sells off public sector organisations to the private sector
sectors of economy
primary sector, extracting/grown
secondary sector, making things/changed in to
tertiary sector, service/where its sold
legal structure
sole trader is the only owner of their business
They have the responsibility of bills, rent, stock, bags and etc.
A sole trader is the only owner of there business
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