More cards in this set

What may happen or have to happen if a business suffers damaging losses.

Why do people need a business plan? What may a business plan involve?

How do business plans help to reassure stakeholders such as banks?

How do fashion trends affect a business and the way it operates?

What does the term monopoly refer to?

How can competition make markets work better?

Define Product Differentiation.

What are the methods of creating a successful product differentiation?