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Business Skills and Characteristics

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Business Skills and Characteristics

Business skills illustration

📊 Part 1: Essential Business Skills

1. Which of these is the MOST important skill for a business leader?

Communication

Financial management

Problem-solving

Time management

2. Select ALL the characteristics that successful entrepreneurs typically possess:

Risk-taking

Determination

Creativity

Leadership

Independence

3. A business owner needs to make quick decisions under pressure. This demonstrates:

Financial skills

Decision-making skills

Marketing skills

Technical skills

4. Complete the sentence: Good _____________ skills help business owners motivate their employees and build strong teams.

Answer: _____________________

🎯 Part 2: Business Aims and Activities

5. What is the primary aim of most private sector businesses?

To help the community

To make profit

To create jobs

To protect the environment

6. Explain the difference between a business aim and a business objective. Give one example of each.
7. Match each business activity to its main purpose by writing the correct letter:

Activities: A) Marketing B) Operations C) Finance D) Human Resources

_____ Managing employee recruitment and training

_____ Producing goods and services

_____ Managing money and budgets

_____ Promoting products to customers

💡 Part 3: Application and Analysis

8. Sarah wants to start her own bakery. List THREE key skills she will need and explain why each is important for her business.
9. Extension Activity: Choose a successful British entrepreneur (e.g., James Dyson, Deborah Meaden). Research and describe THREE characteristics that contributed to their success.
10. Evaluate: "The most important business skill is communication." Do you agree or disagree? Justify your answer with examples.
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