Business GCSE
Risk and reward
What Risk and reward means in Business GCSE, as defined for AQA.
Definition of Risk and reward
Check what you remember
Read the wording for your board, then hide it and explain Risk and reward in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Taking calculated risks in pursuit of profit, with entrepreneurs often investing personal savings and possibly losing money if the business fails.
Topics that use Risk and reward
- The purpose and nature of businesses (AQA GCSE)
Related terms
- Adaptation and change
- Added value
- Adding value through transformation
- Business functions
- Business growth and structure
- Business size and scale
- Business survival and growth
- Capital
Using Risk and 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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