Reward: GCSE Business Definition

Lisa Eades

Written by: Lisa Eades

Reviewed by: Steve Vorster

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1 minutes

What is reward?

In GCSE Business, reward refers to the financial and non-financial benefits an entrepreneur receives as a consequence of taking a risk in setting up or running a business. Shareholders can also be rewarded with benefits from their shares, even without involvement in day-to-day operations.

For entrepreneurs, financial rewards include earning an income and being able to keep any profit the business makes for themselves. For shareholders, rewards are dividends and the increase in the value of their investment over time.

Non-financial rewards for entrepreneurs include personal satisfaction, full control over their own working lives, and the freedom to pursue their interests or do something they love. For some entrepreneurs, these rewards are more important than financial benefits.

Reward Revision Resources to Ace Your Exams

Save My Exams has a great range of resources to explore the topic of reward further. 

Read our GCSE Business risk and reward revision notes or test your knowledge of the risks and rewards of enterprise with our exam questions to improve your grades. 

Explore GCSE Business Revision Resources

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Lisa Eades

Author: Lisa Eades

Expertise: Business Content Creator

Lisa has taught A Level, GCSE, BTEC and IBDP Business for over 20 years and is a senior Examiner for Edexcel. Lisa has been a successful Head of Department in Kent and has offered private Business tuition to students across the UK. Lisa loves to create imaginative and accessible resources which engage learners and build their passion for the subject.

Steve Vorster

Author: Steve Vorster

Expertise: Economics & Business Subject Lead

Steve has taught A Level, GCSE, IGCSE Business and Economics - as well as IBDP Economics and Business Management. He is an IBDP Examiner and IGCSE textbook author. His students regularly achieve 90-100% in their final exams. Steve has been the Assistant Head of Sixth Form for a school in Devon, and Head of Economics at the world's largest International school in Singapore. He loves to create resources which speed up student learning and are easily accessible by all.

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