1b and 1c

Question 1

what are the sources of business management?

Answer 1

innovation, entrepreneur, global markets, market opportunity, technology development, changing customer needs, research and development.

Question 2

how does innovation help business?

Answer 2

new efficient process, business growth, helps business adaption, competitive advantage and builds culture.

Question 3

what does an entrepreneur do?

Answer 3

seeks out opportunities, manage business activity, takes calculated risks, experiences business success.

Question 4

what is business opportunities?

Answer 4

it refers to chances to increase trade by changing trends in the market.

Question 5

what drives customer needs?

Answer 5

busyness, technological savvy, demand, ageing and global.

Question 6

what is global market

Answer 6

moving out of your country to sell your product

Question 7

research and development

Answer 7

investing money to better improve on an existing item to make it more desirable.

Question 8

technological development

Answer 8

the application of science, especially to industrial or commercial objectives