Why do Businesses exist?

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Presentation transcript:

Why do Businesses exist? Year 10 GCSE Business Studies

A-Z of Businesses Complete the sheet on your desks – IN PAIRS

Why do Businesses exist? Starter Activity Why do Businesses exist?

Learning Objectives £ To recall what a business is and recount at least 5 reasons as to why businesses exist ££ To apply knowledge of reasons to a given business scenario ££ To analyse the characteristics of an entrepreneur

The PURPOSE behind a ‘business’ Produce goods Supply goods Provide a service Help People

Entrepreneurs People who start up a business People who see a ‘gap in the market’ People who take a risk

Can YOU think of any FAMOUS Entrepreneurs???

What does an Entrepreneur look like?

Characteristics of an Entrepreneur Willing to take a risk Determined Motivated Focused Hard Working Dependable Don’t want to work for anyone else