Vocabulary you need to know for Enterprise Studies

This term we are investigating how businesses are formed and run profitably. Enterprise Studies will be covered this term. Students need to understand vocabulary/phrases that will be often used in this unit. Here are some of them:-

calculated risks

success

failure

recognise problems

find solutions

pushing and believing in your ideas

shared set of objects

ego and self belief

Is my idea realistic?

producers

consumers

tax system

GST

IRD

employer

employee

focus

target

goals and ambitions

gain an advantage

markets

network

knowledge

demand and supply

needs and wants

enterprise

enterpreneurs

risk takers

creativity

business ideas

unmet need

opens opportunities

innovative ideas

initiative

profit and loss