An entrepreneur leaves secure employment to open a specialist bakery. Which conclusion best reflects risk and reward?
Independence means the entrepreneur no longer faces financial uncertainty
Greater control is a possible reward, but losing regular income increases insecurity
The possibility of profit ensures that the entrepreneur's savings cannot be lost and guarantees a stable income during the first years of trading
A successful launch removes the possibility of business failure in later years
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.