Business Studies Unit One

Unit 1.1, 1.2, 1.3, 1.4 and 1.5. Unit One GCSE

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1.1 What is a business?

What is a business?

  • New businesses are set up by entrepreneurs and new businesses involve risks and benefits.
  • A business is any organisation which supplies goods or services.
  • Goods are physical items which you can hold.
  • Services are non-physical items which you can't hold.
  • Customer Needs are the wants and desires of a customer.
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