1. Which description best defines an entrepreneur?
2. What is the primary purpose of setting SMART objectives in a business?
3. A business sets the objective “Increase monthly sales by 10% within the next six months, with the sales manager responsible for achieving it.” Which feature of effective objectives is demonstrated by assigning the sales manager responsibility?
What is an entrepreneur?
A person who starts and develops a business, often taking risks.
Entrepreneur: Business starter
Risk taker who starts and develops businesses.
What qualities identify entrepreneurs according to the specification?
They are risk takers who are resilient, focused, passionate, innovative and adaptable.
Competitiveness: Business ability
Ability to succeed against rivals in the market.
What are the main forms of business covered?
Sole traders, private limited companies, public limited companies, worker cooperatives, consumer cooperatives, producer cooperatives, and social enterprises.
SMART objectives: Goal criteria
Specific, Measurable, Accountable, Realistic, Time-specific.
The study sheet covers the essential concepts of AQA Business Specification. It is organized by topic to facilitate learning and memorization, with key definitions, explanations and summaries.
Read the full sheet →The quiz contains 11 multiple-choice questions with detailed corrections and explanations for each answer. Ideal for testing your knowledge and identifying gaps.
Take the quiz (11 questions) →Revizly offers 11 interactive flashcards on AQA Business Specification. Each card presents a question on the front and the answer on the back, enabling active, effective studying based on spaced repetition.
See all 11 flashcards →Import your PDF or paste your course, AI generates sheets, quizzes and flashcards in 30 seconds.