Chapter 1: Enterprise (1.1-1.2)

1. a business with mainly social objectives that reinvests most of its profits into benefitting society rather than maximising returns to owners (6, 10)
8. the benefit of the next most desired option which is given up (11, 4)

2. the physical goods used by industry to aid in the production of other goods and services, such as machines and commercial vehicles (7, 5)
3. someone who takes the financial risk of starting and managing a new venture (12)
4. increasing the difference between the cost of purchasing bought-in materials and the price the finished goods are sold for (8, 5)
5. the non-tangible products sold to the general public - they include hotel accommodation, insurance services and train journey (8, 8)
6. the physical and tangible goods sold to the general public - they include durable consumer goods, such as cars and washing machines, and non-durable consumer goods, such as food, drinks and sweets that can only be used only once (8, 5)
7. the difference between the cost of purchasing bought-in materials and the price of the finished goods are sold for (5, 5)
9. the three objectives of social enterprises: economic, social and environmental (6, 6, 4)

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