Business studies Unit 1 0.0 / 5 ? Business StudiesGCSEAQA Created by: lucyCreated on: 09-05-13 11:38 Reasons for starting a business Make more money than in a job, have a product or service you want to sell 1 of 13 Entrepreneur person taking the risk of starting up a business 2 of 13 Social Enterprise community or social focus, not for profit 3 of 13 Sources of ideas Internet, Competitors, your own ideas 4 of 13 Goods Physical product you can touch e.g - drink 5 of 13 Services Provided for a client, e.g - Hairdresser 6 of 13 Primary sector Production of raw materials e.g - farming, mining and oil extraction 7 of 13 Secondary sector Manufacturing - turning raw materials into products e.g cakes or clothes 8 of 13 Tertiary sector Retailing/service delivery e.g - shops and restaurants 9 of 13 Gap in the market Room in the market for your product or service - only a few business provide it. 10 of 13 Saturated market where lots of businesses are all doing the same thing 11 of 13 Niche Market Specialist market e.g - vintage clothes, transport books 12 of 13 Market share Your share of the market for your good or service written as a % 13 of 13
Economies of Scale - Business Studies (BBC Bitesize Revision Notes) 5.0 / 5 based on 1 rating Teacher recommended
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