The purpose and nature of business (AQA GCSE Business): Quizzes
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Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What are the two distinct meanings of the term 'enterprise'?
What are the two distinct meanings of the term 'enterprise'?
A business & risk-taking actions
What is an entrepreneur?
What is an entrepreneur?
Someone who takes calculated risks
What does 'calculated' risk mean for entrepreneurs?
What does 'calculated' risk mean for entrepreneurs?
Carefully considered, informed decisions
Which is a financial objective for starting a business?
Which is a financial objective for starting a business?
Making profit by ensuring revenue > costs
Why do many entrepreneurs value work-life balance?
Why do many entrepreneurs value work-life balance?
Flexibility to choose hours & location
What motivates people who want to 'be their own boss'?
What motivates people who want to 'be their own boss'?
Independence & making own decisions
What does innovation mean for entrepreneurs?
What does innovation mean for entrepreneurs?
Generating creative ideas & seeing opportunities
When are hard work and long hours typically required?
When are hard work and long hours typically required?
Especially during early business stages
Why do entrepreneurs need persuasion skills?
Why do entrepreneurs need persuasion skills?
To convince suppliers, employees & customers
How do successful entrepreneurs handle their weaknesses?
How do successful entrepreneurs handle their weaknesses?
Recruit team members with complementary skills
Which are examples of external changes affecting businesses?
Which are examples of external changes affecting businesses?
Legislation, technology & economic changes
Why is adapting to change essential for businesses?
Why is adapting to change essential for businesses?
It's essential for survival & growth