1.1.2 Why new business ideas come about Flashcards
1
Q
What is demand?
A
the number of units that customers want – and can afford – to buy.
2
Q
What is an entrepreneur?
A
business people who see opportunities and are willing to take risks in making them happen.
3
Q
What does it mean when a product is obselete?
A
a product or service with sales that have declined or come to an end as customers find something new.
