1.1.1 The dynamic nature of business Flashcards
1
Q
What is a dynamic business?
A
Sees meeting the changing needs of customers as important for its survival
2
Q
How are business ideas generated?
A
Change in technology
Change in consumer tastes
Outdated goods or services
3
Q
What will a new business idea do?
A
Fill a gap in the market
Improve an existing business idea
4
Q
Who will generate a business idea?
A
Entrepreneur
