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1.1 Enterprise and entrepreneurship

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Question 12
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Which situation is an example of financial loss for an entrepreneur?

[1]
A

Customers pay a premium price because of strong branding

B

The business earns enough revenue to cover all of its costs

C

Personal savings invested in a failed business cannot be recovered

D

The owner gains greater control over working hours, staffing and operational decisions

Markscheme

1.1 Enterprise and entrepreneurship Questions

  1. GCSE
  2. /Business
  3. /1.1 Enterprise and entrepreneurship

37 exam-style questions on Edexcel GCSE Business 1.1 Enterprise and entrepreneurship, covering 1.1.1a Why new business ideas come about: technology and consumers, 1.1.1b Why new business ideas come about: obsolescence, 1.1.1c How new business ideas come about, 1.1.2a Risk in business activity, 1.1.2b Reward in business activity, 1.1.3a The role and purpose of business activity, 1.1.3b Adding value, and 1.1.3c The role of entrepreneurship. Each one has a worked solution and a mark scheme showing where the marks go.

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