Quiz: The Dynamic Nature of Business and Why Markets Change
AQA GCSE Business 8132
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Building on what you've learned, let's test your knowledge of why markets change and how businesses react to these changes!
Which of the following is a reason why a market might change?
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Which of these factors can cause a market to change? (Select all that apply)
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When a new {{blank0}} is introduced, businesses may need to adapt their products or services to meet {{blank1}} demands.
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Match the items on the left with their correct pairs on the right
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What is the term for the impact of globalisation on markets?
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A business sells 500 units after adapting to changing consumer demand. If the unit cost is £3.50, what is the total cost?
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Match the items on the left with their correct pairs on the right
A business may change its {{blank0}} strategy to reach {{blank1}} audiences when markets evolve.
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What is one way businesses can adapt to changing markets?
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Which of the following are external factors that can cause markets to change? (Select all that apply)
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