Edexcel-Entrepreneurial motives and characteristics 1.5 Flashcards
1
Q
Skills
A
Communication
Team work
Problem solving
2
Q
Characteristics
A
Creativity
Hard working
Resilience
3
Q
Financial reasons
A
Profit maximisation
profit satisficing
4
Q
Non financial reasons
A
ethical stance
independence
social entrepreneurship
5
Q
Profit maximisation
A
Creating a profitable business that generates substantial revenue and profit for them and shareholders.
6
Q
Profit satisficing
A
Wishes to achieve a satisfactory level of profit.
7
Q
Ethical stance
A
Some businesses may have a specific ethical stance they want to build their business around.
8
Q
Independence
A
Dissatisfied with traditional employment structure and want freedom and flexibility.
9
Q
Social Entrepreneurship
A
Seeks to address a societal or environmental problem whilst earning money.
