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GCSE Design and Technology · key term
A newly established business developing an idea with the potential to grow into a profit-making business.
Used by Edexcel
Specification 1.1.2 · Paper 1
Revise: EnterpriseIt helps to separate who owns an organisation, how it raises money and what it aims to achieve. These can overlap: a privately-owned start-up might receive government support and also run a crowdfunding campaign.
Crowdfunding and government funding are funding methods, not ownership types. A privately-owned start-up can use either.
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