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Business Studies IGCSEPDF 50
212 pagesrevision 46931
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Hal wants to be a successful entrepreneur. He plans to leave his job to start up a bakery. The
bakery will operate in the private sector. The business will have many stakeholder groups. Hal has
been told it is important for a new business to select an appropriate source of start-up capital. He
also knows new businesses are at a greater risk of failure.
(a) Define ‘private sector’.
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(b) Identify two reasons why new businesses are at a greater risk of failure
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(c) Identify four stakeholder groups a business might have.
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