btec enterprise component 1

What is the term for a physical good that can be sold, such as a football

• Product
• Service
• Location
• Ownership

What is the term for a supportive act that can be sold, such as accounting or hairdressing

• Product
• Service
• Location
• Ownership

What is the term for where the business is based

• Product
• Service
• Location
• Ownership

What is the term for the legal form of ownership

• Product
• Service
• Location
• Ownership

What is the term for enterprise owned by 1 person (although they can employ more people). It has unlimited liability.

• Sole Trader
• Partnership
• Private limited company
• Franchise

What is the term for Enterprise owned by more than 2 people. It has unlimited liability.

• Sole Trader
• Partnership
• Private limited company
• Franchise

What is the term for enterprise where shares can be sold to friends and relatives. It has limited liability.

• Sole Trader
• Partnership
• Private limited company
• Franchise

What is the term for how many people are employed by the business

• Size
• Scope
• Ownership

What is the term for The size of the area the business covers.

• Size
• Scope
• Ownership

What is the term for what they business plans to do in the long run

• Aims
• Skills
• Target