Business Unit One Revision

Spotting a business opportunity 1.

Business unit one revision. This enables a business to gain insight into its marketplace both customers and competitors and focus on identifying a competitive advantage or opportunity. The purpose of a business is to provide goods and services. Entrepreneur someone who has a flair for business ideas and has the confidence to take the risks involved in setting up a business.

For example big dog upsets queen s cat pearson education 2010 edexcel gcse business unit 1 exam preparation 13. And what implications does this have for business actors. One option for starting a new business is as a franchise.

Topic 1 1 spotting a business opportunity the key to success in identifying a new business opportunity is careful research and analysis of a local or national market. Understanding customer needs 3 market mapping 4. Business studies unit 1 revision list.

500 word response. Unit 1 business revision enterprise the ability to handle uncertainty and deal efficiently with change. Options for starting a business what is a franchise.

Learn vocabulary terms and more with flashcards games and other study tools. Businesses buy goods from from suppliers. Student selection of one question.

Entrepreneur someone who has a flair for business ideas and has the confidence to take the risks involved in setting up a business. See all business studies resources. Passion motivate people around them determined to succeed self belief common characteristics of successful.