Business 9609 · AS & A Level · Enterprise

Enterprise — practice question

(a)[2]

Define what added value means.

(b)[3]

Explain one quality that an entrepreneur needs in order to be successful.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: The gap between the cost of buying raw materials and the price at which the finished goods are sold (output has greater value than input).

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  • Step-by-step worked solution
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