stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
1.1.1 Dynamic nature of business GCSE Business Edexcel Flashcards | StudBud
Explore
/
1.1.1 Dynamic nature of business GCSE Business Edexcel
1.1.1 Dynamic nature of business GCSE Business Edexcel
12 terms
·
StudBud Administration
·
1,600 plays
1.1.1 Dynamic nature of business GCSE Business Edexcel
Flashcards
12 cards
F
Practice quiz
P
Host live
L
Questions
12
Answers
1
Technological advancements rarely influence consumer behavior.
True
False
2
The rise of online streaming services signals a movement away from traditional media consumption.
True
False
3
What factor has spurred the creation of businesses catering to healthier lifestyles?
Decline in consumer interest in health
Decrease in plant-based diets
Rise in traditional meat consumption
Growing interest in health and wellness
4
The popularity of plant-based diets has not influenced the success of companies like Beyond Meat and Impossible Foods.
True
False
5
How can new business ideas be generated?
Solely by building upon existing ones
Only through entirely fresh concepts
By making products and services less efficient and convenient
By building upon existing ones or introducing entirely fresh concepts
6
What is a significant driver for the creation of new business ideas?
Changes in consumer trends
Fluctations in stock markets
Government regulations
Technological advancements
7
Influencer marketing involves individuals with a weak social media presence promoting products to the target market.
False
True
8
How has social media impacted consumer trends?
Businesses have abandoned social media marketing strategies
Consumers seek authentic and transparent communication from businesses
Social media has no effect on consumer trends
Consumers now prefer impersonal communication from businesses
9
What change in consumer behaviour has influenced the growth of digital entertainment businesses?
Decrease in social media usage
Adoption of online streaming services
Shift towards traditional media consumption
Preference for physical media
10
As products & services become obsolete, entrepreneurs identify opportunities to introduce fresh & improved alternatives.
True
False
11
The rise of eco-friendly products & businesses has been driven by consumers' increased environmental awareness.
False
True
12
Which strategy can a business adopt to cater to a different type of consumer or target market?
Keeping the current product or service the same
Introducing a completely new product or service
Eliminating the existing product or service
Changing an existing product or service
