Reward
What Reward means in Business GCSE, as defined for AQA, OCR, Pearson Edexcel.
Definitions of Reward
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Reference: AQA
Some risk is unavoidable and can bring this, as entering a new market may fail but success can raise sales and market share.
The rewards of business activity include business success, profit and independence.
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
- Competitive environment (AQA GCSE)
- The interdependent nature of business (OCR GCSE)
- The role of business enterprise and entrepreneurship (OCR GCSE)
- Risk and reward (Pearson Edexcel GCSE)
Related terms
- Risk
- Unique Selling Point (USP)
- Added value
- Business response
- Cash Flow Forecast
- Competition
- Competitive pressure
- Enterprise
Using Reward 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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