Topic 1.1.1 Dynamic nature of business Flashcards
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1
Q
Why do products and services become obsolete?
A
Changes in customer needs and changes in the trends of the market,advancements in technology
2
Q
How do new business ideas come about?
A
They come about because products and services become obsolete and because of advancement/changes in technology and so Businesses would adapt there product or come with new original ideas.
