Business GCSE
Reward
What Reward means in Business GCSE, as defined for OCR.
Definitions of Reward
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
The benefit gained from running a business, which can be financial (profit) or non-financial (independence).
The potential financial or strategic benefit gained from a business decision.
Topics that use Reward
- The interdependent nature of business (OCR GCSE)
- The role of business enterprise and entrepreneurship (OCR GCSE)
Related terms
- Risk
- Cash Flow Forecast
- Entrepreneur
- Unique Selling Point (USP)
- Added Value
- Dynamic Markets
- Enterprise
- Functional Areas
Using Reward in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business GCSE terms7 days Premium · Then free forever · No card, no charge