businesss (dynamic nature of business)

Question 1

What is the dynamic nature of business?

Answer 1

The businesses markets is constantly changing (e.g trends)

Question 2

List the 5 ways new business ideas are created.

Answer 2

Technology, consumers, original ideas, adapting ideas, obsolescence.

Question 3

What is E-commerce?

Answer 3

Any business that takes place online eg selling products to consumers or other business online

Question 4

What is M-commerce?

Answer 4

Any business take takes place through a mobile device.

Question 5

How can social media help business?

Answer 5

Helps businesses attract new customers, retain existing customers, keep up with trends and reach a target audience.

Question 6

What is demographics?

Answer 6

Different characteristics that helps a business reach its target audience such as age and gender.