Quiz: Why new business ideas happen – changes in consumer wants
Pearson Edexcel Level 1/Level 2 GCSE (9-1) in Business (1BS0)
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Building on what you've learned about changes in technology, let's explore why new business ideas arise due to changes in consumer wants!
Which of the following is an example of a change in consumer wants?
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Which of these factors can influence changes in consumer wants? (Select all that apply)
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A change in {{blank0}} can lead to the popularity of products like reusable water bottles or electric cars.
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Match the items on the left with their correct pairs on the right
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Why might a business create new products in response to changing consumer wants?
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A business sells 500 reusable coffee cups at £10 each in response to a shift towards eco-friendly products. What is the total revenue?
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Match the items on the left with their correct pairs on the right
Which products might become popular due to changes in consumer wants? (Select all that apply)
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A business might adapt to {{blank0}} by introducing new products that reflect current trends, such as {{blank1}} clothing.
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What is a key benefit for businesses that respond to changes in consumer wants?
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