Entrepreneurs and Leaders | Edexcel A-Level Business (9BS0)
Entrepreneurs and Leaders
- 146 questions
- 6 subtopics
- Theme 1: marketing and people
- Paper 1 and Paper 3
Entrepreneurs and leaders closes Theme 1.
It covers what an entrepreneur actually does, the characteristics and motives behind starting a business, the objectives a business sets itself, the legal forms it can take, the trade-offs behind every choice, and what has to change as a founder becomes a leader.
Sample questions from Entrepreneurs and Leaders
Answer each one closed book first, then open the answer.
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Role of an entrepreneur
How does the financial risk faced by an intrapreneur differ from that of an independent entrepreneur?
Show the answer
Intrapreneurs innovate using their employer's resources, so they do not bear personal financial risk; independent entrepreneurs risk their own money and assets. -
Role of an entrepreneur
How does a lack of market knowledge hinder a potential entrepreneur?
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Without understanding customer needs, competitor behaviour, or industry trends, the entrepreneur is more likely to make poor decisions and fail. -
Entrepreneurial motives and characteristics
What role does problem-solving play in entrepreneurship?
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Problem-solving enables entrepreneurs to identify issues, analyse their causes, and develop effective solutions to overcome challenges facing the business. -
Entrepreneurial motives and characteristics
How does a social entrepreneur differ from a traditional entrepreneur in terms of primary motivation?
Show the answer
A social entrepreneur prioritises addressing social problems and benefiting communities, whereas a traditional entrepreneur typically prioritises financial returns. -
Business objectives
What is meant by market share as a business objective?
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Market share is a business objective that aims to increase the proportion of total market sales that a business captures relative to its competitors. -
Business objectives
What are social objectives in a business context?
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Social objectives are business objectives that aim to benefit society or the environment, such as reducing environmental impact, supporting local communities, or ethical sourcing. -
Forms of business
Why might an entrepreneur choose to run a lifestyle business instead of pursuing rapid expansion?
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To support their preferred way of life rather than focusing on maximising growth or profit. -
Forms of business
Why is franchising considered lower risk for a franchisee compared to starting independently?
Show the answer
The franchisee uses a proven business model with an established customer base, reducing the chance of failure.
The 6 subtopics
One subtopic is one session. Work down the list.
| Subtopic | What it covers | Questions |
|---|---|---|
| Role of an entrepreneur | Creating, running and expanding a business, intrapreneurship, the financial, personal and market barriers to entrepreneurship, and how an entrepreneur anticipates and manages risk and uncertainty. | 30 |
| Entrepreneurial motives and characteristics | Profit maximisation and profit satisficing, the financial and non-financial motives for starting a business, and the skills an entrepreneur needs. | 27 |
| Business objectives | What a firm may be aiming at: staying afloat, the largest profit, the largest sales, a bigger share of the market, lower costs, happier staff, happier customers, or a social purpose. | 21 |
| Forms of business | Sole traders, partnerships, private and public limited companies, franchises, social enterprises, lifestyle and online businesses, limited and unlimited liability, and the benefits and drawbacks of stock market flotation. | 40 |
| Business choices | Opportunity cost, the trade-offs a business makes between competing uses of its resources, and how those choices are weighed. | 14 |
| Moving from entrepreneur to leader | Why informal styles stop working as a business grows, the need to delegate, and the difference between entrepreneurial and leadership skills. | 14 |
How the guide is worked
Answering a question from memory stores it far better than reading the answer again. The guide runs that as a fixed procedure on one subtopic at a time, about twenty minutes a session.
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Step 1 · Closed book
Cover the answers. Work through one subtopic and write down what you can. Leave blanks where you have nothing.
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Step 2 · Open book
Go back to the top. Read each printed answer and write it out in full, including the ones you had right.
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Step 3 · Closed book again
Same questions, same order, from memory. The gap between pass one and pass three is the session result.
Read the full method, the return schedule and the research behind it.
Nearby topics
Edexcel A-Level Business Active Recall Guide
Every topic, not just this one. 2,305 questions with their answers.