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Business

GCSE · AQA

QuestionsFlashcards

The Purpose & Nature of Businesses
Business Ownership
Setting Business Aims & Objectives
Stakeholders
Business Location
Business Planning
Expanding a Business
- Business Expansion
  11
- Economies & Diseconomies of Scale
  12

Technology
Ethical & Environmental Considerations
The Economic Climate
Globalisation
- How UK Businesses Compete Internationally
  7
- Exchange Rates
  5
Legislation
Competitive Environment
- Operating in Competitive Markets
  6
- Risks & Uncertainty
  9

Production Processes
- Producing Goods & Services
  5
- Efficiency in Production
  6
The Role of Procurement
The Concept of Quality
Good Customer Service
- Customer Service in Business
  6
- ICT & Customer Service
  6

Organisational Structures
- Key Principles of Organisational Structures
  11
- Management & Communication in Different Structures
  9
Recruitment & Selection of Employees
Motivating Employees
Training
- The Importance of Training
  6
- Methods of Training
  8

The Exam Papers
- Paper 1: Influences of Operations & HRM on Business Activity
  7
- Paper 2: Influences of Marketing & Finance on Business Activity
  5
Business Exam Skills
Structuring Your Responses

Business Enterprise & Entrepreneurship Flashcards

All 7 cards in this deck

What is meant by the term 'entrepreneur'?: A person who sets up a business, taking the risk of organising the resources to spot and use a business opportunity.
Give one reason an entrepreneur needs to be hard working.: To get the business known.
Give one reason an entrepreneur needs to be innovative.: To spot opportunities and come up with new ideas.
Give one reason an entrepreneur needs to be organised.: To manage their workload.
Why must an entrepreneur be willing to take risks?: Because they invest their own money and time in a business that may fail.
Give three personal objectives an entrepreneur may have when starting a business.: To be their own boss; to have flexible working hours; to pursue an interest (also: earn more money, dissatisfaction with current job).
True or false? To be an entrepreneur you must invent a completely new product.: False. Many entrepreneurs simply spot a gap in the market or do something better than existing businesses.