Business GCSE
Taking risks
What Taking risks means in Business GCSE, as defined for Pearson Edexcel.
Definition of Taking risks
Check what you remember
Read the wording for your board, then hide it and explain Taking risks in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Investing own time and money with no guarantee of success, facing the possibility of financial loss if the business fails.
Topics that use Taking risks
- The role of business enterprise (Pearson Edexcel GCSE)
Related terms
- Added value
- Adding value
- Customer needs
- Entrepreneur
- Entrepreneurship
- Branding
- Making business decisions
- Organising resources
Using Taking risks 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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