Business topic 1.1 0.0 / 5 ? Business StudiesStarting a businessGCSEEdexcel Created by: IsabellaJames31Created on: 28-03-19 14:49 the idea that business is ever-changing because of external factors dynamic nature of business 1 of 23 risk capital provided by an investor willing to take risks venture capital 2 of 23 the number of units that customers want demand 3 of 23 business people who see opportunities and are willing to take risks entrepreneurs 4 of 23 a product or sevice with sales that have declined or come to an end obselete 5 of 23 an original feature of a product that rivals arent offering unique selling point (USP) 6 of 23 giving a product or service 'personality' branding 7 of 23 the difference between the selling price and the cost of bought-in goodsand services value added 8 of 23 a term used by organisations that means employees human recources 9 of 23 choices that have to be made usually within a short time period business decisions 10 of 23 things or people that can be used to help build and run a business resources 11 of 23 making decisons where unknown factors or chances of failure loom large in the decision makers mind risk taking 12 of 23 the products or services people need to make life comfortable customer needs 13 of 23 what people choose to spend their money on customer wants 14 of 23 goods items that are tangiable 15 of 23 services non-tangiable items 16 of 23 the collapse of a business business failure 17 of 23 the need by many business owners to make their own decisions independence 18 of 23 uncertainty for the business owner about day-to-day family income and assets lack of financial security 19 of 23 the balance between the worst that can happen and the best risk and reward 20 of 23 finding new products based on an origional one adapting existing products 21 of 23 a feature of a business that helps it to suceed against rivals competitive advantage 22 of 23 ideas that have not been done before original ideas 23 of 23
GCSE AQA business studies Unit 1 starting up a business 5.0 / 5 based on 1 rating Teacher recommended
Business Activity (Objectives, Types of Organisation, Factors of Production, Primary Secondary and Tertiary Activity, Judging Success) 5.0 / 5 based on 1 rating Teacher recommended
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