Explore
Learn: Enterprise
WJEC Eduqas GCE A LEVEL in BUSINESS specification
Ready to start this lesson?
Sign in to track your progress. 13 steps including 6 interactive questions.
Sign In to Start Learning
Students also studied
Browse allSteps in this lesson (13)
Welcome!Today we'll explore Enterprise, including the role of entrepreneurs, their motives, and the significance of SMEs in the UK. Let's break it down step by step!
What is Enterprise?Enterprise refers to the ability to identify business opportunities and take risks to turn ideas into reality. Entrepreneurs are the individuals who drive enterprise through innovation and hard work.
The Role of EntrepreneursEntrepreneurs play a vital role in the economy. They create businesses, generate jobs, and contribute to economic growth. They often bring new products, services, or processes to the market, fostering innovation.
Quick check: What is an entrepreneur's primary role?
Start the lesson to answer this multiple choice question
Financial and Non-Financial MotivesEntrepreneurs are motivated by various reasons. Financial motives include profit generation and wealth creation, while non-financial motives could be personal satisfaction, pursuing a passion, or contributing to society.
Entrepreneurs might be motivated by {{blank0}} rewards, such as profit, or {{blank1}} rewards, like personal satisfaction.
Start the lesson to answer this fill in the blank question
Small and Medium Enterprises (SMEs)SMEs are businesses with fewer than 250 employees. They are crucial to the UK economy, contributing to job creation, innovation, and regional development.
Match the items on the left with their correct pairs on the right
Start the lesson to answer this matching question
Review Time!Great work! You've learned about enterprise, entrepreneurs, their motives, and SMEs. Let's test your understanding with a few questions.
Which of the following are characteristics of SMEs? (Select all that apply)
Start the lesson to answer this multi-select question
Match the items on the left with their correct pairs on the right
Start the lesson to answer this math equation question
What is the main difference between financial and non-financial motives?
Start the lesson to answer this multiple choice question
Congratulations!You’ve completed the lesson on enterprise. Keep exploring how entrepreneurs and SMEs shape the business world!
Want to Learn More?
Get personalised lessons, quizzes, and instant feedback from your AI tutor.
Explore More Topics