Which three of the following are sources of added value for a business such as Finishing Touches?
Select three answers:
A Having a range of designs
B Meeting legal requirements
C Reducing prices
D Improving quality
E Having a unique selling point
F Higher raw material costs - Edexcel - GCSE Business - Question 6 - 2015 - Paper 1
Question 6
Which three of the following are sources of added value for a business such as Finishing Touches?
Select three answers:
A Having a range of designs
B Meeting l... show full transcript
Worked Solution & Example Answer:Which three of the following are sources of added value for a business such as Finishing Touches?
Select three answers:
A Having a range of designs
B Meeting legal requirements
C Reducing prices
D Improving quality
E Having a unique selling point
F Higher raw material costs - Edexcel - GCSE Business - Question 6 - 2015 - Paper 1
Step 1
Select three answers: A Having a range of designs
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Answer
Having a range of designs allows a business to cater to different customer preferences, making it more appealing to a broader audience and potentially increasing sales.
Step 2
Select three answers: D Improving quality
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Answer
Improving quality enhances customer satisfaction and can lead to repeat business, establishing a reputation for excellence that adds value to the brand.
Step 3
Select three answers: E Having a unique selling point
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Answer
Having a unique selling point differentiates the business from competitors, making it more attractive to consumers and contributing to brand loyalty.
