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old buisness > gcse year 9 eoy exams > Flashcards

gcse year 9 eoy exams Flashcards

revision

1
Q

three reasons why buisness ideas come about

A

changes in consumer wants
products and services becoming obsolete
changes in technology

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2
Q

obsolete

A

a product or service with sales that have declined as customers find something new

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3
Q

entrepreneur

A

buisness people who see opportunities and are willing to make things happen

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4
Q

demand

A

the number of units that customers want

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5
Q

Is personal savings a short or long term source of finance

A

Long term

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6
Q

Is a loan a short or long term source of finance

A

Long term

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7
Q

Is crowdfunding a short or long term source of finance

A

Long term

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8
Q

Is overdraft a short or long term source of finance

A

short term

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9
Q

Is share capital a short or long term source of finance

A

Long term

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10
Q

Is trade credit a short or long term source of finance

A

short term

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11
Q

Is retained profit a short or long term source of finance

A

short term

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12
Q

Is venture capital a short or long term source of finance

A

Long term

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13
Q

Benefits of conducting primary research

A
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14
Q

Benefits of conducting secondary research

A
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15
Q

Difference between quantitative data and qualitative data

A
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16
Q

Difference between quantitative data and qualitative data

A
17
Q

The importance of understanding customer needs

A
18
Q

Advantages and disadvantages

A

old buisness (2 decks)

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