The dynamic nature of business (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What do dynamic business markets constantly create for entrepreneurs?
What do dynamic business markets constantly create for entrepreneurs?
Fresh opportunities
Which is NOT listed as a way technology improves products and services?
Which is NOT listed as a way technology improves products and services?
More expensive
What new industry did the smartphone revolution create related to transactions?
What new industry did the smartphone revolution create related to transactions?
Mobile payment systems
How do fashion trends create business opportunities?
How do fashion trends create business opportunities?
Change regularly
During tough economic times, what do consumers typically seek?
During tough economic times, what do consumers typically seek?
Budget alternatives
Which demographic factor creates new business needs?
Which demographic factor creates new business needs?
Aging population
What is planned obsolescence?
What is planned obsolescence?
Products designed with limited lifespan
What does planned obsolescence encourage consumers to do?
What does planned obsolescence encourage consumers to do?
Regularly purchase newer versions
Is planned obsolescence by design or accident?
Is planned obsolescence by design or accident?
By design
What are the two main ways entrepreneurs generate business ideas?
What are the two main ways entrepreneurs generate business ideas?
New inventions or innovation
How do most successful businesses develop?
How do most successful businesses develop?
Improving existing concepts
What does generic business success typically depend on?
What does generic business success typically depend on?
Execution & customer service