1.1.3 The Role of Business Enterprise Flashcards
1
Q
Adapting Existing Products
A
Finding new products based on the original one,
2
Q
Competitive Advantage
A
A feature of a business that helps it to succeed against rivals.
3
Q
Original Ideas
A
Ideas that have not been done before.
4
Q
Customer Needs
A
The products or services
people need to make life comfortable.
5
Q
Customer Wants
A
What people choose to spend
their money on, once the weekly bills have been
paid.
6
Q
Goods
A
Products that may be fresh, such as apples, or manufactured, such as Heinz Baked Beans.
