Business Concepts Flashcards
1
Q
Whats a market?
A
An actual place where forces of demand and supply operate and where buyers and sellers interact
2
Q
What is a paradigm?
A
A typical example or pattern of something
3
Q
What is meant by a new paradigm in business?
A
This could mean a new way of reaching customers and making money.
4
Q
What are some sources business concepts can develop from?
A
New products, new services, new markets, new organizational structures
