Explore
Learn: What Enterprise Means
WJEC Eduqas GCE A LEVEL in BUSINESS specification
Ready to start this lesson?
Sign in to track your progress. 14 steps including 7 interactive questions.
Sign In to Start Learning
Students also studied
Browse allSteps in this lesson (14)
Welcome!Today we'll explore the concept of enterprise. Understanding this topic is key to studying business, as it underpins entrepreneurship and innovation. Let's dive in!
What is Enterprise?Enterprise refers to the ability and willingness to take risks, innovate, and organise resources effectively to achieve business goals. It is closely linked to entrepreneurship, which drives new ideas and businesses forward.
Why is Enterprise Important?Enterprise is vital because it creates jobs, drives economic growth, and solves problems through innovation. Entrepreneurs play a key role by identifying opportunities and turning them into successful ventures.
Quick check: Which of the following best describes enterprise?
Start the lesson to answer this multiple choice question
The Role of EntrepreneursEntrepreneurs are individuals who drive enterprise. They identify gaps in the market, develop solutions, and take calculated risks to build businesses. Their actions benefit society by creating jobs and driving innovation.
Entrepreneurs are known for {{blank0}} risks and creating {{blank1}}.
Start the lesson to answer this fill in the blank question
Financial and Non-Financial MotivesEntrepreneurs pursue business for both financial motives (e.g., profit) and non-financial motives (e.g., personal satisfaction, social impact). These motives influence business decisions and strategies.
Match the items on the left with their correct pairs on the right
Start the lesson to answer this matching question
Small and Medium Enterprises (SMEs)SMEs are businesses with fewer than 250 employees. They are a crucial part of the UK economy, contributing to innovation and employing millions of people. SMEs often rely on enterprise to compete effectively.
Which statement about SMEs is true?
Start the lesson to answer this multiple choice question
Review Time!Great work! You've learned about enterprise, the role of entrepreneurs, their motives, and SMEs. Let's test your understanding with a few final questions.
Which of the following are true about enterprise? (Select all that apply)
Start the lesson to answer this multi-select question
SMEs are businesses with fewer than {{blank0}} employees and are key to the UK {{blank1}}.
Start the lesson to answer this fill in the blank question
Match the items on the left with their correct pairs on the right
Start the lesson to answer this matching question
Want to Learn More?
Get personalised lessons, quizzes, and instant feedback from your AI tutor.
Explore More Topics