Business GCSE
Entrepreneurial motives and rewards
What Entrepreneurial motives and rewards means in Business GCSE, as defined for AQA.
Definition of Entrepreneurial motives and rewards
Check what you remember
Read the wording for your board, then hide it and explain Entrepreneurial motives and rewards in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Reasons for embarking on running businesses include seeking financial reward, desiring independence to be one's own boss, pursuing a personal passion, or identifying an unfulfilled gap in the market.
Topics that use Entrepreneurial motives and rewards
- Competitive environment (AQA GCSE)
Related terms
- Business response
- Competition
- Competitive pressure
- Impact of competition on pricing and profitability
- Market
- Price and non-price competition
- Reward
- Risk
Using Entrepreneurial motives and rewards 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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