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Learning objective

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.

Read the explanation, check the common trap, then practise with flashcards and questions.

Exam focus

  • Read the explanation.
  • Check key terms.
  • Practise with linked questions.
Cambridge IGCSE Business StudiesUnderstanding business activity

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Quick explanation

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

  • This point belongs to Enterprise, business growth and size, especially Enterprise, business growth and size outcomes.
  • You need to be able to 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.
  • The key ideas to know are Define, Explain, and Identify.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

DefineExplainIdentify

Why it matters

This objective helps connect Enterprise, business growth and size outcomes to exam-style questions, flashcards, and revision notes for Enterprise, business growth and size.

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Flashcards10 linked cards

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Practice Questions7 linked questions

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Paper 1 structured question: Enterprise, business growth and size

Paper 1Short Answer and Data Response1 marks

Description

Challenges Faced by Entrepreneurs

Entrepreneurs must navigate market competition, financial constraints, and regulatory requirements.

  1. a

    State one challenge entrepreneurs face when starting a business.

    Aim for approximately 1 distinct marking point.

    [1]
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