Level 2 enterprise 2 recap

Success is...

• following environmental trends

• completing an objective or reaching a goal

• Conducting market research

A feature is something that

• gives a benefit to the customer

• something that the business does well

• something the business doesn't do well

The calculation for profit it total revenue -

When considering where to locate your business you should focus on

• location of competitors

• your target market

• roads and transport links

• price of property

Being innovative is one way of measuring business success

• False

• True

When starting your own small business you need the following skill...

• Woodwork skills

• Customer service

• art skills

This research collects data that hasn't been collected before

Using a website is an example of

• primary research

• secondary research

It would be best for a small business keeping costs down to use

• primary research

• secondary research