The Dynamic Nature of Bussiness Flashcards
1
Q
Why do new business ideas come about
A
-Changes in Technology
-Changes in what consumers want
-Products and Services Becoming Obsolete
2
Q
What does Obsolete mean
A
-Obsolete Means that products become out of date and get replaced by new products
3
Q
How has new Business Ideas come about
A
- Original Ideas
- Adapting existing:Products,services and Ideas
4
Q
What does Consumers mean
A
- A Person who consumers (Uses) The Product and Service
