Business 0450 · IGCSE · Enterprise, business growth and size
Enterprise, business growth and size — practice question
Camille is an entrepreneur who runs a popular and thriving hairdressing business. She plans to expand her small business. At the moment, Camille employs 5 part-time workers, but she will need to hire 3 more workers who must be trained on the job. She believes that her laissez-faire leadership style will need to change as the business expands.
(a)[2]
Identify two methods of measuring the size of a business, excluding the number of employees.
(b)[2]
Identify two traits of a successful entrepreneur.
(c)[4]
Identify and explain two benefits to Camille of employing part-time workers.
(d)[6]
Identify and explain two drawbacks for Camille of using on-the-job training.
(e)[6]
Camille believes that her laissez-faire leadership style will need to change as the business expands. Do you agree? Justify your answer.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Revenue OR sales value OR output value” …