Edexcel A level business: Theme 1 whole unit 1.5 bundle

Edexcel A level business: Theme 1 whole unit 1.5

BLUE FRONT SLIDES

This bundle includes:

1.5.1 Role of an entrepreneur

1.5.2 Entrepreneurial motives and characteristics

1.5.3 Business objectives

1.5.4 Forms of business

1.5.5 Business choices

1.5.6 Moving from entrepreneur to leader

1.5 End of topic test with answers

Each lesson includes:

Teacher PowerPoint (with all the answers)
Student PowerPoint (to upload to a shared area, contains no answers)
Worksheet in Word (so you can edit it)
Worksheet in PDF (so it will behave in a printer)

From the specification:

a) Creating and setting up a business
b) Running and expanding/developing a business
c) Innovation within a business (intrapreneurship)
d) Barriers to entrepreneurship
e) Anticipating risk and uncertainty in the business environment

a) Characteristics and skills required
b) Reasons why people set up businesses:
o financial motives: profit maximisation and profit satisficing
o non-financial motives: ethical stance, social entrepreneurship, independence and home working

a) Survival
b) Profit maximisation
c) Other objectives:
o sales maximisation
o market share
o cost efficiency
o employee welfare
o customer satisfaction
o social objectives

a) Sole trader, partnership and private limited company
b) Franchising, social enterprise, lifestyle businesses, online businesses
c) Growth to PLC and stock market flotation

a) Opportunity cost
b) Choices and potential trade-offs

a) The difficulties in developing from an entrepreneur to a leader

£15.00