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Home
Business
Key terms
Risk-taking

GCSE Business · key term

Risk-taking

Definition

A willingness to commit resources or make decisions when the outcome is uncertain and there is a possibility of loss.

Used by OCR

How each exam board covers it

OCR GCSE Business · J204

Paper 1

Creativity, risk-taking, determination and confidence can help an entrepreneur move from an idea to a working business. They influence how the entrepreneur responds to opportunities and difficulties, but they do not guarantee success. Customers still need to want what the business offers.
Revise: Entrepreneur Characteristics

OCR Business past papers

Related key terms

Confidence
Creativity
Determination
Entrepreneur

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Risk-taking — OCR GCSE Business Definition | GradeGen