Quiz: Spotting Business Opportunities in Real Markets
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about enterprise, SMEs, and identifying needs and wants, let's test your knowledge of spotting business opportunities in real markets!
What is the term for a gap in the market where customer needs are not being met?
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Which of the following are ways a business can identify market opportunities? (Select all that apply)
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A {{blank0}} is a small to medium-sized enterprise, typically employing fewer than {{blank1}} people.
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Match the items on the left with their correct pairs on the right
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A business sells 150 units of a product at £10 each. What is the total revenue?
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What does market segmentation allow businesses to do?
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Market research involves collecting {{blank0}} to understand customer needs and {{blank1}}.
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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 is an example of a business spotting an opportunity in the market?
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