Quiz: How Businesses Adapt to Changing Markets
Edexcel Level 3 Advanced GCE in Business (9BS0)
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Building on what you've learned about market types and dynamic markets, let's test your understanding of how businesses adapt to changes!
What is a dynamic market?
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Which of the following are ways businesses adapt to changing markets? (Select all that apply)
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A {{blank0}} market targets a small, specialised audience, while a {{blank1}} market aims for a large, diverse audience.
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Match the items on the left with their correct pairs on the right
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A company sells 500 units of a new product at £20 each. What is the total revenue?
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Which factor is most likely to drive innovation in a business?
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Which of the following are examples of adapting to social trends? (Select all that apply)
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Online retailing has grown because it offers {{blank0}} and {{blank1}} compared to traditional shopping.
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Match the items on the left with their correct pairs on the right
What is one reason businesses invest in technology?
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