Other questions in this quiz

2. Why must a business adapt to change?

  • They will lose market share and could potentially collapse
  • They will lose staff
  • They will lose credibility
  • They will lose their Market Growth

3. What must a business do to survive a Dynamic Market?

  • Sell more of their product in order to maintain a profit
  • Have a brand name
  • Be able to adapt to change
  • Make more profit

4. What is Volume?

  • The amount of product produced
  • The quantity produced and sold
  • The amount of product sold
  • The amount of stock within a business

5. What are Dynamic Markets?

  • A type of business plan that helps a business to work out the social changes
  • Markets that are likely to change, they do not remain the same over time
  • A new idea for a business
  • A very small market

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