business studies exam 2.0 / 5 based on 2 ratings ? Business StudiesGCSEAQA Created by: demiCreated on: 22-11-12 18:32 how many businesses are there in uk each year? 4 million 1 of 15 how many businesses employ 50 or more people? 33,000 2 of 15 what fraction of businesses are run by only one person? 3/4 3 of 15 who are respondents? those who provide data for a survey 4 of 15 what is a focus group? group of people who answer questions or discuss a product, brand or issue. 5 of 15 what is a prototype an experimental version of a product 6 of 15 quality must be.... fit for purpose 7 of 15 a group of buyers with similar characteristics market segment 8 of 15 5 different ways to add value.. usp, price, quality, brand, taste 9 of 15 group of similar products productrange 10 of 15 advantage of being a franchisor? large profits to be made from royalty payments, selling materials and selling franchises 11 of 15 advantages of being a franchisee get support from franchisor, already selling a developed business idea and less investment required at start up 12 of 15 disadvantages of being a franchisee ost to buy franchise, have to follow franchise model 13 of 15 what is enterprise another word for business 14 of 15 what is an entrepreneur someone who owns and runs a business and is a risk taker 15 of 15
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