(U1) Leaving Cert People in Business

Can you name the (U1) Leaving Cert People in Business Key Terms

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HintAnswer
Business set up to make a profit
A person affected by the day to day operations of a business
Person who spots a gap in the market and takes a risk
Puts money into a business
Someone who hires employees to work for them
Business that manufactures goods for the market
Someone who buys goods and services for their own personal use
Represent a group with a common interest, e.g. through lobbying or protesting
IFA
LVA
CAI
ISME
IBEC
ICTU
A win-win business relationship
A win-lose business relationship
HintAnswer
Can be made orally, in writing, or by action
A price tag for example, differs from an offer as it can be rejected by the seller
The offer has been agreed
Combining offer and acceptance
Something of value passes between both parties
The awareness that you have entered into a contract
Legal ability to enter into a contract
Entering a contract of your own free will
Company Director acting without permission from partners
The manner with which a contract is made
A contract must follow the laws of the land
Breaking a condition of a contract resulting in it being terminated
An unforeseen event ends a contract
Contract has been carried out as it should
Aggrieved party takes the other to court
Contract is cancelled, both parties agree to return to original position
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Last Updated: Mar 6, 2022

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