(a)[2]
Define what is meant by business enterprise.
(b)[3]
Explain one reason why a business might fail.
Business 9609 · AS & A Level · Enterprise
Enterprise — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Clear understanding: Business enterprise – entrepreneurial activity: a person identifies a business opportunity and establishes a business, willingness to take risks that combines the factors of production to found a business in order to make/sell products and create profit (also contributes to economic development).” …
- Full mark scheme, point by point
- Step-by-step worked solution
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