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EnglandBusiness

Business Opportunities and Enterprise

5 dot points across 5 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

What factors decide where a business locates, and who are its stakeholders?

Factors influencing business location, including costs, market, labour, infrastructure and the option of e-commerce; the meaning of stakeholders; the main stakeholder groups and their objectives; and managing stakeholder conflict.
A focused answer to the Eduqas A-Level Business statement on location and stakeholders. Covers the factors influencing where a business locates (costs, market, labour, infrastructure and e-commerce), the meaning and main groups of stakeholders, their differing objectives, and how stakeholder conflict is managed.
12 min answer →

What goes into a business plan, and why do start-ups set objectives?

The purpose and contents of a business plan; the role of objectives and mission; SMART objectives; the benefits and limitations of planning; and how a plan supports raising finance and managing a start-up.
A focused answer to the Eduqas A-Level Business statement on business plans and objectives. Covers the purpose and contents of a business plan, mission and objectives, SMART objectives, the benefits and limitations of planning, and how a plan helps a start-up raise finance and manage risk.
12 min answer →

What legal forms can a business take, and how do liability and control differ between them?

Forms of business ownership: sole traders, partnerships, private and public limited companies, and not-for-profit and public-sector organisations; limited and unlimited liability; incorporation; and the factors affecting the choice of legal structure.
A focused answer to the Eduqas A-Level Business statement on forms of business ownership. Covers sole traders, partnerships, private and public limited companies, not-for-profit and public-sector organisations, limited and unlimited liability, incorporation, and the factors affecting the choice of legal structure.
12 min answer →

What is enterprise, and what does an entrepreneur do to turn an opportunity into a business?

The meaning of enterprise and entrepreneurship; the characteristics, motives and roles of entrepreneurs; identifying and assessing a business opportunity; risk and reward; and the role of enterprise in the economy.
A focused answer to the Eduqas A-Level Business statement on enterprise and entrepreneurship. Covers the meaning of enterprise, the characteristics, motives and roles of entrepreneurs, how an opportunity is spotted and assessed, the balance of risk and reward, and the role of enterprise in the economy.
12 min answer →

What is a market, and how do businesses research it to reduce risk?

The meaning and types of markets; market size, share and growth; primary and secondary market research; quantitative and qualitative data; sampling and its reliability; and the value and limitations of market research.
A focused answer to the Eduqas A-Level Business statement on markets and market research. Covers types of markets, market size, share and growth, primary and secondary research, quantitative and qualitative data, sampling and reliability, and the value and limitations of market research, with worked calculations of share and growth.
13 min answer →