CHAPTER 13 – ENTREPRENEURS AND ENTERPRISE tsio 1. Copy and fill in the blanks.
a. An ___________ is someone who takes a financial ___________ to set up a business with the hope of making a profit.
b. The ability to generate an idea, identify an opportunity and take the risks needed to turn them into a business is called ___________.
c. The term ___________ describes how goods and services are produced, sold, and ___________ in a region or country.
d. Entrepreneurship is the act of turning opportunities and ideas into value for ___________.
e. Enterprise can be financial, ___________ or ___________.
f. An art gallery is an example of a ___________ ___________.
g. A person who starts a business with a social goal is called a ___________ ___________.
2. List three characteristics and three skills that are common in entrepreneurs.
3. Identify three ways that an entrepreneur can benefit an organisation.
8. Research an Irish entrepreneur. • What is their name? • What business did they set up?
• What product or service does their business supply?
• Is their business an example of financial, cultural or social enterprise?
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4. Explain the role that enterprise plays in a local community.
5. Outline the support available to entrepreneurs in Ireland.
6. Do you agree with the following statement? Give reasons for your answer. ‘Entrepreneurship is a key element in the health and well-being of any thriving economy and will be central to Ireland’s continuing recovery.’ (National Policy Statement on Entrepreneurship in Ireland 2014).
7. Copy and complete the table below to record three benefits to society of financial, cultural and social enterprise.
