Business Enterprise

Question 1

Convenience

Answer 1

Selling a product that makes life easier for the customer, saving time and improving quality when people have busy lifestyles

Question 2

Quality

Answer 2

Creating a product that meets or exceeds customer expectations. This will lead to good reputation and repeat custom

Question 3

Aesthetics

Answer 3

Creating a product that looks good

Question 4

Enterprise

Answer 4

The formation of a new business or development of a new good or service to be introduced to the market

Question 5

USP (Unique selling points)

Answer 5

Creating a feature or characteristic within a brand that makes it stand out

Question 6

Calculate profit

Answer 6

Revenue - expenses

Question 7

Benefits to a business adding value

Answer 7

Charging a higher price
Creating a point of difference from the competition
Protecting from competitors trying to steal customers by charging lower prices
Focusing a business more closely on its target market segment