Paper 2 · Enterprise Skills
State the term for identifying an opportunity, taking a calculated risk and organising resources in order to turn that opportunity into a good or a service.
Model answer
enterprising
Also accepted: entrepreneurship, enterprise, being enterprising
Explanation: Enterprising means spotting an opening, accepting the possibility of loss and bringing together land, labour, capital and management to exploit it. The reward for carrying that risk is the profit, if the venture succeeds.
Derived from ZIMSEC Business Enterprise Skills Paper 2, Specimen Paper, Q1