AQA GCSE Business · 8132
Paper 1, Paper 2
Revise: Entrepreneurship and the Changing Business EnvironmentThe person who sets up and runs the business, taking these risks, is an entrepreneur.
- Revise: Operating in Competitive Markets
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GCSE Business · key term
A person who sets up and runs a business, organising resources and taking risks in pursuit of its success.
Used by AQA, Edexcel and OCR
Paper 1, Paper 2
Revise: Entrepreneurship and the Changing Business EnvironmentThe person who sets up and runs the business, taking these risks, is an entrepreneur.
Specification 1.1.1, 1.1.2, 1.1.3 · Paper 1
A person who sets up and runs a business, taking on the risks involved.
Revise: Dynamic Nature of BusinessAn entrepreneur may recognise a gap in the market—a consumer need or want that existing businesses are not meeting—and set up a business to serve it. However, a new business need not offer something completely unique. It might improve an existing offer or serve a market with room for another competitor.
A person who sets up and runs a business, taking risks in the hope of gaining rewards.
A person who sets up and runs a business, organising resources, making business decisions and taking risks.
Paper 1, Paper 2
A person who starts and runs a business, taking risks to pursue a business opportunity.
Revise: Entrepreneur CharacteristicsAn entrepreneur is someone who starts and runs a business, taking risks to pursue an opportunity. Having an idea is only the beginning: the entrepreneur must make decisions and put resources such as money, materials and time into making it work.
A person who sets up and runs a business, taking risks in the hope of receiving rewards.
A person who organises and runs a business, taking risks in pursuit of financial or non-financial rewards.
Use details from the business context to explain an entrepreneur’s motives. Do not assume that every entrepreneur mainly wants to earn more money.
When explaining a characteristic, link it to what the entrepreneur does and why this could help the business.
Develop explanations with a cause and consequence: losing regular wages makes income uncertain, so the entrepreneur may struggle to meet personal bills.
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