CH 4 ENTERPRISE

Question 1

What is Enterprise and why do people become an entrepreneur

Answer 1

Someone takes a risk(personal or financial) to start something new

1. More money
   2.Being Own boss

Question 2

Name example of enterprise in school,business and at home

Answer 2

1.Home=Family grows vegetables to sell locally

2.School=Students organise charity event e.g table quiz

3.Business=A Business launches a new product

Question 3

Characteristics and Skills of a entrepreneur

Answer 3

[Characteristics]
-Decision maker.
-Risk taker
-Determined
-Self-motivated
-Self-Confident
-Creative

[Skills]
-Decision making
-Being proactive
-Networking
-Managing Risk
-Human Relations
-Being Realistic

Question 4

What is the importance of Enterprise

Answer 4

[In business]
-Encourages intrapreneurship
-Improves efficiency
-Createsspin off business

[In the community]
-Encourages enterprise
-Creates wealth
-Provides employment

Question 5

What is the importance of Enterprise

Answer 5

[In business]
-Encourages intrapreneurship
-Improves efficiency
-Createsspin off business

[In the community]
-Encourages enterprise
-Creates wealth
-Provides employment

Question 6

What are the Enterpreneurial skills

Answer 6

1.Decision making
2.Being Proactive
3.Networking
4.Risk Management
5.Human Relations
6.Realism

Question 7

What I’d social enterprise

Answer 7

A Non-for-profit enterprise with a social or environmental aim

Question 8

Name ways that a business can encourage intrapreneurship

Answer 8

Training programmes
Rewards
TeamWork
Providing Resources
Teamwork