Quiz: Needs, Wants and Business Opportunities
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about enterprise and SMEs, let's explore the concept of needs, wants, and business opportunities!
Which of the following is an example of a 'need'?
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Which of the following are examples of 'wants'? (Select all that apply)
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Businesses identify opportunities by understanding the {{blank0}} and {{blank1}} of their customers.
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Match the items on the left with their correct pairs on the right
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Which of the following describes a business opportunity?
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If a business identifies 300 customers needing clean water and 150 customers wanting bottled sparkling water, what is the total potential customer base?
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Match the items on the left with their correct pairs on the right
Which of the following is MOST likely to be considered a business opportunity?
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An SME can identify business opportunities by conducting {{blank0}} research to understand {{blank1}} trends.
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Which of the following factors can help businesses identify opportunities? (Select all that apply)
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