Business- Business opportunity

Question 1

What is a business plan?

Answer 1

A simple plan that sets out details of the product or service being sold and how it will be financed, marketed + details of market research findings.

Question 2

What is the purpose of business activity and enterprise

Answer 2

• Spotting an opportunity
• developing an idea for a business
• satisfying the needs of customers

Question 3

What are the characteristics of an entrepreneur

Answer 3

-Creative
- risk taking
- determination
- confidence

Question 4

What is the purpose of a business plan

Answer 4

• reducing risk of failure
• helping a business succeed