1.1 - 1.3 Edexcel Business Quiz 2

Business survival, Profit, Sales ,Market share Financial security are examples of?

• Non financial aims and objectives

• Financial aims and objectives

Changes in technology. Changes in what consumers want. Products and services becoming obsolete.

• Why new business ideas come about.

• How new business ideas come about.

Original ideas Adapting existing products/services/ideas.

• Why new business ideas come about.

• How new business ideas come about.

Business failure, Financial loss. Lack of security.

• The impact of risk on business activity.

• The impact of reward on business activity.

Business success. Profit. Independence.

• The impact of risk on business activity

• The impact of reward on business activity

One of the roles of business enterprise and the purpose of business activity.

• Convenience

• Price

• To meet customer needs.

Convenience, Branding, Quality. Design. Unique selling points.

• Understanding customer needs.

• Ways to add value.

• THe role on entrepreneurs

Organises resources.

Makes business decisions.

Takes risks.

• The role of entrepreneurship. An entrepreneur…

• The role of businesses.

Price

Quality

Choice

Convenience

• Ways to add value.

• The role of an entrepreneur.

• What customer needs are.

Generating sales

Business survival

• The importance of identifying and understanding customers.

• The role of entrepreneurs.

• Business rewards.