1.1.3 How new business ideas come about Flashcards
1
Q
What are the two ways new business ideas come about?
A
- Adapting existing products
- Original Ideas
2
Q
What does it mean to have a Competitive Advantage?
A
a feature of a business that helps it to succeed against rivals.
3
Q
What does it mean to adapt an existing product?
A
finding new products based on the original one,
4
Q
What is an original idea?
A
ideas that have not been done before.
