Business Studies - 0450 CIE

Enterprise And Entrepreneurship:

Muhtasari

Every famous company started as one person with an idea and the nerve to risk their own money on it. That person is an entrepreneur, and the ability to spot a need, plan for it and carry the risk is what turns a spare-time hobby into a business that employs others.

In this lesson you will learn the characteristics that help entrepreneurs succeed, what goes into a business plan and why banks insist on one, and why governments are willing to give grants and training to help new firms start up. By the end you will be able to judge whether a person and a plan are ready to launch.

Malengo

  1. Characteristics of successful entrepreneurs
  2. Contents of a business plan and how business plans assist entrepreneurs
  3. Why and how governments support business start-ups, e.g. grants, training schemes

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Maelezo ya Somo

New businesses create jobs, bring new products to market and pay taxes that fund a country. That is why governments work hard to encourage them. But many start-ups fail in their first years, usually because of poor planning. Understanding what makes an entrepreneur succeed, and what a good business plan contains, is the difference between a firm that lasts and one that does not.

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Tathmini ya Somo

Hongera kwa kukamilisha somo la Enterprise And Entrepreneurship:. Sasa kwa kuwa umechunguza dhana na mawazo muhimu, ni wakati wa kuweka ujuzi wako kwa mtihani. Sehemu hii inatoa mazoezi mbalimbali maswali yaliyoundwa ili kuimarisha uelewaji wako na kukusaidia kupima ufahamu wako wa nyenzo.

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  1. Which is a characteristic of a successful entrepreneur? A. avoids all risk B. dislikes new ideas C. willing to take risks D. needs constant supervision Answer: C
  2. A grant given by a government to a new business is: A. a loan repaid with interest B. money that does not have to be repaid C. a tax on profits D. a share of ownership Answer: B
  3. Which section of a business plan helps a bank judge if a loan can be repaid? A. description of the business B. forecast cash flow C. business history D. list of competitors Answer: B
  4. The income an entrepreneur gives up by leaving a job to start a business is the: A. grant B. dividend C. opportunity cost D. overdraft Answer: C
  5. Why do governments support business start-ups? A. to reduce the number of jobs B. to create jobs and tax revenue C. to lower output D. to discourage enterprise Answer: B

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Vitabu Vinavyopendekezwa

Cambridge IGCSE and O Level Business Studies
Cambridge IGCSE and O Level Business Studies
Manukuu: Fifth edition
Mchapishaji: Hodder Education
Mwaka: 2018
ISBN: 978-1-5104-2123-3
Maelezo: Endorsed textbook with full coverage of the 0450/0986 syllabus, case studies and exam-style questions.
Cambridge IGCSE and O Level Business Studies Revised Coursebook
Cambridge IGCSE and O Level Business Studies Revised Coursebook
Manukuu: Third edition
Mchapishaji: Cambridge University Press
Mwaka: 2018
ISBN: 978-1-108-56398-7
Maelezo: Endorsed coursebook with international case studies and activities for the Core and Supplement content.

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