Business GCSE
Risk
What Risk means in Business GCSE, as defined for OCR.
Definitions of Risk
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
The probability of a negative outcome occurring as a result of a business decision.
The possibility of financial loss or failure when starting or running a business.
Topics that use Risk
- The interdependent nature of business (OCR GCSE)
- The role of business enterprise and entrepreneurship (OCR GCSE)
Related terms
- Reward
- Cash Flow Forecast
- Entrepreneur
- Unique Selling Point (USP)
- Added Value
- Dynamic Markets
- Enterprise
- Functional Areas
Using Risk 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.
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