Dynamic Markets (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What best describes a dynamic market?
What best describes a dynamic market?
A market experiencing continuous change
Why did Kodak go into liquidation?
Why did Kodak go into liquidation?
Failed to adapt to digital photography
Which is NOT a benefit of online retailing?
Which is NOT a benefit of online retailing?
Higher rental expenses
What % of people shopped online for groceries by 2014?
What % of people shopped online for groceries by 2014?
27%
What proportion of online shoppers used click & collect by 2014?
What proportion of online shoppers used click & collect by 2014?
About a quarter
Which countries are the BRIC countries?
Which countries are the BRIC countries?
Brazil, Russia, India, China
Which is NOT one of the five key drivers of market growth?
Which is NOT one of the five key drivers of market growth?
Government subsidies
How can businesses adapt to market changes?
How can businesses adapt to market changes?
Invest in product development
How does competition generally affect consumers?
How does competition generally affect consumers?
They benefit from more choice
What % of new UK businesses don't survive beyond 5 years?
What % of new UK businesses don't survive beyond 5 years?
90%