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Enterprise, business growth and size
Understand the traits of successful entrepreneurs, the components of a business plan, and the role of government support for new businesses, such as grants and training programs.
4
Objectives
40
Flashcards
28
Questions
90 min
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CambridgeIGCSEBusiness StudiesUnderstanding business activity
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Enterprise, business growth and size outcomes4 objectives
- Understand the traits of successful entrepreneurs, the components of a business plan, and the role of government support for new businesses, such as grants and training programs.
- Learn about the various methods for assessing business size, including employee count, output value, and capital employed, while recognizing the limitations of these measurement methods.
- Explore the reasons why some businesses choose to grow while others stay small, including the motivations for expansion, growth strategies, challenges of growth, and factors that keep businesses small.
- Investigate the reasons behind business failures, including factors like inadequate management skills, environmental changes, and liquidity issues, with a focus on the heightened risk faced by new businesses.
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