Business GCSE
Enterprise
What Enterprise means in Business GCSE, as defined for AQA, OCR.
Definitions of Enterprise
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Enterprise in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The process of identifying a business opportunity and organising resources to create value, often by starting a new venture or expanding an existing one.
The process of spotting an opportunity and turning an idea into a trading business, taking on risk in the hope of reward.
The skill and risk-taking of the owner or entrepreneur who organises the other three factors and decides what to produce.
The willingness to take risks, show initiative, and undertake new business ventures.
Topics that use Enterprise
- The purpose and nature of businesses (AQA GCSE)
- The role of business enterprise and entrepreneurship (OCR GCSE)
Related terms
- Added value
- Entrepreneur
- Unique Selling Point (USP)
- Adaptation and change
- Adding value through transformation
- Business functions
- Business growth and structure
- Business size and scale
Using Enterprise in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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