Enterprise (AQA GCSE Design and Technology): Flashcards
📚Flashcards
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15 cards from this deck
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Practise the cards
15 cards from this deck
What does an enterprise demonstrate?
What does an enterprise demonstrate?
Initiative and willingness to take calculated risks
How do enterprises drive the economy?
How do enterprises drive the economy?
Create employment opportunities & drive economic growth
What is crowdfunding?
What is crowdfunding?
Gathering small amounts from many individuals for funding
What is donation-based crowdfunding?
What is donation-based crowdfunding?
Contributors give money with no expectation of return
What is debt-based crowdfunding?
What is debt-based crowdfunding?
Investors lend money expecting repayment with interest
What is equity-based crowdfunding?
What is equity-based crowdfunding?
Contributors buy shares to become partial owners
Key benefit of virtual marketing reach
Key benefit of virtual marketing reach
Access to much wider markets
Virtual marketing cost advantage
Virtual marketing cost advantage
Relatively low costs for online operations
Virtual marketing time benefit
Virtual marketing time benefit
Operate around the clock without physical limits
What is the Fairtrade Foundation's role?
What is the Fairtrade Foundation's role?
Protects rights of farmers & workers in developing countries
What does fair trade certification ensure?
What does fair trade certification ensure?
Fair compensation & social, economic, environmental standards
What is a co-operative's ownership structure?
What is a co-operative's ownership structure?
Ownership & control shared democratically among members
Co-operative purchasing benefit
Co-operative purchasing benefit
Increased purchasing power through collective buying
Key co-operative financial challenge
Key co-operative financial challenge
Limited financial resources or funding
Co-operative management challenge
Co-operative management challenge
Democratic decision-making can make efficient management hard