A sole trader business has unlimited liability. One key feature of unlimited liability is that;
Which ONE of the following is an external factor that could impact on product development?
A restaurant has created a new pizza dough recipe for their pizzas. Which ONE of the following is a legal issue they need to consider to protect their new pizza dough recipe?
Which of the following may be a reason for a small business to complete market research?
Which of the following is an aspect of the design mix model that contributes to the successful design of a new handbag?
Which of the following is an economic external factor that could affect product development?
Which of the following correctly represents the stages of the product lifecycle?
A shoe shop is on a retail park that has two other shoe shops. It is moving to a retail park with only clothes and household goods shops.
This will help the business to achieve:
A variable cost can be best defined as;
Which of the following is a typical benefit to the business of the growth stage of the product lifecycle?
Which of the following would be effective in attracting and retaining customers in a mobile phone sales franchise?
If you advertised your intended new business on different social media platforms and asked a large number of people to invest money into the business, you would be looking for which source of capital?
Which of the following is an example of price skimming?
Which of the following would be considered an ‘extension strategy’?
As a new business owner you may use ‘desk research’ to research competitors’ products.
Which of the following is a benefit of using ‘desk research’?
Which of the following would help to achieve product differentiation for a new business selling school trainers?