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Edexcel A Level Business - Theme 1.5 Questions And Answers 2023 Update
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Entrepreneurs - ANS-Individuals who, typically, set up and run a business and take the risks associated with this Intrapreneurs - ANS-Employees who use entrepreneurial skills, without having to risk their own money, to find and develop initiatives that will have financial benefits for their employer Profit maximisation - ANS-An attempt to make as much money as possible in a given time period Profit satisficing - ANS-Making enough profit to satisfy the needs of the business owner(s) Aims - ANS-What a business tries to achieve in the long term Objectives -Continues...
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