WorksheetsEdexcel GCSE Business 1.1.1
Total questions: 10
Worksheet time: 5mins
Name the three ways a new business idea could come about.
Changes in government policy, changes in technology, and changes in consumer wants
Obsolete products, changes in technology, and changes in consumer wants
Changes in technology, changes in consumer wants, and changes in the economy
Obsolete products, changes in the economy, and changes in government policy
State the two ways business ideas can be created.
Original products, adapting existing products
Adapting existing products, merging with other businesses
Original products, franchising
Merging with other businesses, franchising
Describe one product that has been created due to a change in what consumers want.
Smartphones with larger screens
Electric kettles
Solar-powered calculators
Digital cameras
Explain how cars have changed due to changes in what consumers want.
More fuel-efficient engines and larger boot space
Electric engines and integrated media systems
Smaller engines and manual transmissions
Larger engines and fewer safety features
What changes might come about for mobile phones?
Larger physical buttons and smaller screens
Increased battery life and more advanced AI features
Heavier designs and fewer apps
Reduced connectivity and simpler interfaces
Define the term ‘original idea’.
A product that is a variation of an existing one
Creation of a product that hasn’t been done before
A product that is inspired by another
A product that is a combination of two existing ideas
Why would a business adapt an existing idea rather than create an original one?
It allows for more creativity and innovation
Production is already set up so saves on costs, already a market for the product
It requires less market research
It guarantees higher profits
Which of the following is an example of a product becoming obsolete?
Vinyl records being replaced by digital music
Smartphones being replaced by tablets
Electric cars replacing petrol cars
Laptops being replaced by desktops
What is one reason a business might choose to create an original product?
To avoid competition
To reduce production costs
To enter an already saturated market
To follow industry trends
How might changes in technology influence new business ideas?
By making existing products more expensive
By creating opportunities for new products and services
By reducing the need for innovation
By limiting consumer choices
