U1 AOS1/KK2: Sources of business motivation

Question 1

financial independence

Answer 1

able to support yourself without relying on other people or a job.

Question 2

personal independence

Answer 2

able to make your own decisions eg. choose your own role, working hours, holidays

Question 3

make a profit

Answer 3

benefit financially from capitalising on a business opportunity.

Question 4

fulfil a market and/or social need

Answer 4

create a product to meet customer demand or improve on an existing product to better meet the needs of customers

Question 5

list the 4 motivators

Answer 5

financial independence, personal independence, make a profit, fulfil a market/social need.