Entrepreneurship

5. Is a process that focuses on the needs of the customer, and then provides the correct product at the correct price to satisfy the customer’s needs
6. A successful business that is making a profit and is therefore sustainable
9. Supplying a product to customers or outlets where they can purchase it
12. Total amount of money that the business receives for goods sold or services provided during a certain period
13. This is the point where the income and expenses of a business is the same. It means the business is not making a loss, or a profit.
14. The ability of a business to make a profit.
16. The money needed to start a business.
17. This refers to the staff members or employees working in the business.

1. A written document describing in detail how a business will be started.
2. Using resource in such a responsible way, that no harm is done to the environment, ensuring that future generations will also have the use of the resources. Natural resources are not being exhausted.
3. A written description of an item, including details about the size of the article and its appearance.
4. Consistently make something to meet a specific standard of quality
7. The money that is earned by an employee who is appointed in a permanent capacity. This payment is made monthly, and not weekly like it is done with wages.
8. Are the costs that remain the same regardless of how many products are made.
10. A group of people who want to purchase your product or service and are willing to pay the price you are charging for it.
11. Is one part of the marketing process which focuses on the needs of the seller. The focus is on selling the product, not the buyer
15. Necessary, regular, expenses that keep a business running, such as electricity, insurance, salaries, and rent.