Edexcel GCSE Business end of Year 9

What is the definition of a business?

• A business is an organisation set up to provide goods or services to customers, such as the public, government or other businesses.

• An individual with an idea for a business.

• An activity that achieves a reward for society.

• This is the result of business activity.

What is the definition of output?

• A business is an organisation set up to provide goods or services to customers, such as the public, government or other businesses.

• An individual with an idea for a business.

• An activity that achieves a reward for society.

• This is the result of business activity.

What is the definition of an entrepreneur?

• A business is an organisation set up to provide goods or services to customers, such as the public, government or other businesses.

• An individual with an idea for a business.

• An activity that achieves a reward for society.

• This is the result of business activity.

What is the definition of social enterprise?

• A business is an organisation set up to provide goods or services to customers, such as the public, government or other businesses.

• An individual with an idea for a business.

• An activity that achieves a reward for society.

• This is the result of business activity.

Select the three main purposes of business activity...

• To produce goods and services

• To meet customer needs

• To add value

• To create a brand

Select the three main reasons new business ideas come about...

• To produce goods and services

• Changes in technology

• Changes in what consumers want

• Products and services becoming obsolete

Select the two products from the options below....

• Car

• Hair cut

• Cleaner

• Coffee

Select the two services from the options below....

• Car

• Hair cut

• Cleaner

• Coffee

Select two ways that a business might add value...

• Building a brand

• A clean shop

• Offering convenience

• Helpful staff

Entrepreneurs work until a job is done. They are determined to overcome problems. Which characteristic is this?

• Responsible

• Persistent

• Self-confident

• Risk-taker