Quiz: Why New Business Ideas Happen - Products and Services Becoming Obsolete
Pearson Edexcel Level 1/Level 2 GCSE (9-1) in Business (1BS0)
Ready to start this lesson?
Sign in to track your progress. 10 steps including 8 interactive questions.
Sign In to Start Learning
Students also studied
Browse allSteps in this lesson (10)
You've already learned about changes in technology and consumer wants. Now, let's explore how products and services becoming obsolete can lead to new business ideas!
What does 'obsolete' mean in the context of business?
Start the lesson to answer this multiple choice question
Which of the following factors can cause a product to become obsolete? (Select all that apply)
Start the lesson to answer this multi-select question
When a product becomes {{blank0}}, a business may need to innovate or create a new {{blank1}} to stay competitive.
Start the lesson to answer this fill in the blank question
Match the items on the left with their correct pairs on the right
Start the lesson to answer this matching question
A company sells a product that becomes obsolete. If the original sales were £500,000 and decline by 30%, what are the new sales?
Start the lesson to answer this math equation question
Which of these products is most likely to become obsolete due to technological advancements?
Start the lesson to answer this multiple choice question
What are some potential business responses to a product becoming obsolete? (Select all that apply)
Start the lesson to answer this multi-select question
Match the items on the left with their correct pairs on the right
What is one benefit of replacing obsolete products with new ones?
Start the lesson to answer this multiple choice question
Want to Learn More?
Get personalised lessons, quizzes, and instant feedback from your AI tutor.
Explore More Topics