Which statement best explains the relationship between entrepreneurship and resources?
Entrepreneurs avoid resources because using them creates business risk
Entrepreneurs only provide money and do not influence operational decisions
Entrepreneurs can guarantee success by choosing the cheapest resources even when customers value quality and reliability
Entrepreneurs organise resources and accept uncertainty when deciding how to use them
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.