1.1.1 The Dynamic Nature of Business

Question 1

How does new Business ideas comes around?(3 marker)

Answer 1

• Technology (1mark)
  -obsolete (1mark)
  -changes in what consumers need (1mark)

Question 2

How does new Business ideas come about?(2mark)

Answer 2

-(Original idea)Comes though original ideas by adapting existing products, services, or ideas(1mark)

• (Gap in the market)identifying a need or opportunity in the market (1mark)