Role of business enterprise & entrepreneurship (OCR GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is an entrepreneur?
What is an entrepreneur?
A person who starts and runs a business
Which is an example of spotting an opportunity?
Which is an example of spotting an opportunity?
Identifying a gap in the market
What does developing an idea involve?
What does developing an idea involve?
Designing and planning production
Satisfying customer needs involves which activities?
Satisfying customer needs involves which activities?
Production methods and marketing
What does creativity mean for an entrepreneur?
What does creativity mean for an entrepreneur?
Solving problems and thinking of new ideas
What does risk-taking involve for entrepreneurs?
What does risk-taking involve for entrepreneurs?
Putting money at risk for growth
What does confidence mean for an entrepreneur?
What does confidence mean for an entrepreneur?
Believing in ability to make things happen
What does determination mean for entrepreneurs?
What does determination mean for entrepreneurs?
Working hard and not giving up
What are risks in entrepreneurship?
What are risks in entrepreneurship?
Uncertainties and downsides of starting up
Which is a financial reward of entrepreneurship?
Which is a financial reward of entrepreneurship?
Potential to earn a high income
Which is a financial risk of entrepreneurship?
Which is a financial risk of entrepreneurship?
Losing savings to pay off debt
Which is a non-financial reward of being an entrepreneur?
Which is a non-financial reward of being an entrepreneur?
Independence and working when you choose