Quiz: Why New Business Ideas Happen - Changes in What Consumers Want
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 how changes in consumer wants lead to new business ideas!
Which of the following is an example of a change in consumer wants?
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Which of the following factors influence changes in what consumers want? (Select all that apply)
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When consumers want products that are {{blank0}}, businesses often respond by using {{blank1}} materials in production.
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Match the items on the left with their correct pairs on the right
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A business sells eco-friendly water bottles for £15 each and sells 80 units in a month. What is the total revenue?
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What term describes products designed to meet specific customer preferences, such as colour or size?
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Match the items on the left with their correct pairs on the right
Which of these are examples of businesses adapting to changing consumer wants? (Select all that apply)
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Consumers may choose products that align with their {{blank0}} values, such as supporting brands that promote {{blank1}}.
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Why might consumers prefer eco-friendly products?
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