POB definitions

What is nature of business

A type of sector or industry to which it belongs.

What is a sector

A larger segment of the economy that can include various industries

What is an industry

A classification that refers to a group of companies that are related in terms of their primary business activities.

What is a feasibility study?

A feasibility study is an analysis of how successful a proposal to establish a business is likely to be.

What is a stakeholder?

An individual or group with a direct interest in the operations and performance of a business.

What is a contract?

A mutual agreement between two or more persons or parties. Where something is done or promised to be done or given or promised to be given by one or more persons or parties.

What is an offer?

An offer is an indication by one party of their willingness to enter into a contract on the terms that he/she has put forward.

What is an economic system?

Production and exchange take place in an economy, a system of trade and industry where wealth is made and used. (local, regional and global)