A-Level Business

WHAT IS AN ENTERPRISE?

Ability to identify & exploit a business opportunity

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WHAT IS AN ENTREPRENEUR?

Someone that can assess & manage risk when identified & develops new business opportunities, & has the ability to exploit there potential

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WHAT IS OPPORTUNITY COST?

If business idea is not pursued by the entrepreneur its said that they would have lost the rewards, due to not going through with it

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GOVERNMENT SUPPORT FOR SMALL BUSINESSES?

Agencies such as: Business Link for advice & guidance for new & existing businesses, Rural Development for support & funding to small businesses

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HOW TO MEASURE THE SIZE OF A BUSINESS?

Number of employees, Annual turnover & Market share %

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WHAT MOTIVATES AN ENTREPRENEUR?

Creating wealth, Being their own boss, Making their own decisions, Achieve a personal goal

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Other cards in this set

WHAT IS AN ENTREPRENEUR?

Someone that can assess & manage risk when identified & develops new business opportunities, & has the ability to exploit there potential

WHAT IS OPPORTUNITY COST?

GOVERNMENT SUPPORT FOR SMALL BUSINESSES?

HOW TO MEASURE THE SIZE OF A BUSINESS?

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