A-Level Business 0.0 / 5 ? BusinessComponent 1A2/A-levelAll boards Created by: Beth James 98Created on: 24-02-17 12:17 WHAT IS AN ENTERPRISE? Ability to identify & exploit a business opportunity 1 of 6 WHAT IS AN ENTREPRENEUR? Someone that can assess & manage risk when identified & develops new business opportunities, & has the ability to exploit there potential 2 of 6 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 3 of 6 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 4 of 6 HOW TO MEASURE THE SIZE OF A BUSINESS? Number of employees, Annual turnover & Market share % 5 of 6 WHAT MOTIVATES AN ENTREPRENEUR? Creating wealth, Being their own boss, Making their own decisions, Achieve a personal goal 6 of 6
Comments
No comments have yet been made