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Which two of the following are sources of added value for a business such as Finishing Touches? Select two answers: A) Meeting legal requirements B) Reducing prices C) Improving quality D) Having a unique selling point E) Higher raw material costs - Edexcel - GCSE Business - Question 6 - 2015 - Paper 1
Question 6
Which two of the following are sources of added value for a business such as Finishing Touches? Select two answers: A) Meeting legal requirements B) Reducing price... show full transcript
Worked Solution & Example Answer:Which two of the following are sources of added value for a business such as Finishing Touches? Select two answers: A) Meeting legal requirements B) Reducing prices C) Improving quality D) Having a unique selling point E) Higher raw material costs - Edexcel - GCSE Business - Question 6 - 2015 - Paper 1
Step 1
Select two answers:
Answer
The two correct answers are:
- C) Improving quality - Enhancing the quality of products or services can greatly increase customer satisfaction and loyalty, adding significant value to the business.
- D) Having a unique selling point - Differentiating the business from competitors by offering something unique can attract more customers and increase value.