Business U1T2 Flashcards

1

Involves the harnessing of new technology and a new business model for a new market segment:

2

Passion, motivation, creativity, determination, discipline and adaptability are characteristics of:

3

The degree to which the business has optimised its use of resources to achieve goals / objectives.

4

Many competing businesses who sell similar goods:

5

Characteristics and features that define a business idea and make it unique:

6

Protects the visual appearance of the product and grants exclusive rights to use:

7

A right granted for an invention or innovation that is new to the market.

8

Redesigning an existing product to introduce to a new market:

9

To what degree has the business offered products/services that meet or exceed market standards relative to others?

10

Rising interest rates comes from the:

Business U1T2