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EDEXCEL GCSE BUSINESS 1.1 COMPLETE 3 LESSON TOPIC BUNDLE FOR ENTERPRISE AND ENTREPRENEURSHIP

EDEXCEL GCSE BUSINESS 1.1 COMPLETE 3 LESSON TOPIC BUNDLE FOR ENTERPRISE AND ENTREPRENEURSHIP This is all 3 complete lessons to teach this unit and includes Teacher PowerPoints and Student worksheets. It covers these topics: 1.1.1 The dynamic nature of business Why new business ideas come about: ● changes in technology ● changes in what consumers want ● products and services becoming obsolete. How new business ideas come about: ● original ideas ● adapting existing products/services/ideas. 1.1.2 Risk and reward The impact of risk and reward on business activity: ● risk: business failure, financial loss, lack of security ● reward: business success, profit, independence. 1.1.3 The role of business enterprise The role of business enterprise and the purpose of business activity: ● to produce goods or services ● to meet customer needs ● to add value: convenience, branding, quality, design, unique selling points. The role of entrepreneurship: ● an entrepreneur: organises resources, makes business decisions, takes risks.