Business Paper 1 0.0 / 5 ? Business StudiesBusiness Paper 1GCSEEdexcel Created by: IJM22Created on: 10-01-19 14:21 What is a business enterprise? The process of identifying new business opportunites 1 of 6 How do new business ideas come about? Chnages in technology, customer demands, products become obsolete 2 of 6 What does obsolete mean? When a product is no longer in use 3 of 6 What is an entrepreneur? Someone who takes risks and starts a business 4 of 6 To run a successful business, what must entrepreneurs? Organise resources, take risks and make business decisions 5 of 6 What does market mean? A place where goods are traded between customers and suppliers 6 of 6
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