Year 10 Edexcel GCSE Business 1.1.1 to 1.2.4

Front

A budding entrepreneur is concerned that a new business might not provide a stable income to maintain his current standard of living. What risk does this describe?

Back

Lack of security

Front

What is the main reason behind Sara's business idea as a personal trainer?

Back

Pursue an interest

Front

Increased concern from consumers over the environment has led to new business developing products from recycled materials. These business ideas have come about due to: Services that have become obsolete, Products that have become obsolete, Changes in consumer demand, Changes in the interest rate

Back

Changes in consumer demand

Front

Reward

Back

The benefits gained through business activity

Front

What is a financial reason why an entrepreneur might start a new business?

Back

To make a profit

Front

Obsolete

Back

No longer want to buy a particular product or service

Front

Lack of overall planning and poor decision-making can lead to business failure. This is known as:

Back

Poor management

Front

An entrepreneur has produced a shaving oil for customers with sensitive skin to eliminate any pain when shaving. This is an example of a business idea that:

Back

Solved a customer problem

Front

Which of the following statements is true in relation to goods and services?

Back

Goods can be touched and held, whilst services are intangible

Front

Demographics

Back

Statistical differences that exist within a population, now and in the future