Ch 1 Enterprise

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01 Outline difference between a need and a want, using an example for each.

Last post by SofiaRazaKhan « Sat Oct 11, 2025 5:09 pm
Replies: 38
by Sir Afzal Shad » Sun Sep 14, 2025 7:55 pm
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38 Replies

2872 Views

Last post by SofiaRazaKhan
Sat Oct 11, 2025 5:09 pm
02 Explain why a consumer might 'want' a branded pair of trainers but only 'need' a basic pair of shoes.

Last post by masabtahir « Mon Oct 13, 2025 7:34 pm
Replies: 35
by Sir Afzal Shad » Sun Sep 14, 2025 7:58 pm
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35 Replies

988 Views

Last post by masabtahir
Mon Oct 13, 2025 7:34 pm
03 Explain one reason why a new start-up business might find it easier to satisfy needs rather than wants.

Last post by Ruqyia Salman « Sat Oct 18, 2025 10:48 pm
Replies: 34
by Sir Afzal Shad » Sun Sep 14, 2025 7:59 pm
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34 Replies

967 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 10:48 pm
04 Analyse how a car manufacturer could add value to its products by focusing on customer wants.

Last post by Ruqyia Salman « Sat Oct 18, 2025 10:53 pm
Replies: 37
by Sir Afzal Shad » Sun Sep 14, 2025 7:59 pm
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37 Replies

872 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 10:53 pm
05 Outline what is meant by 'the economic problem'.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:06 pm
Replies: 34
by Sir Afzal Shad » Sun Sep 14, 2025 8:00 pm
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34 Replies

855 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:06 pm
06 Analyse one reason why wants are more important than needs for a business that sells luxury watches.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:08 pm
Replies: 32
by Sir Afzal Shad » Sun Sep 14, 2025 8:01 pm
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32 Replies

917 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:08 pm
07 Outline one way a bank satisfies customer 'wants', not just the 'need' for a safe place for money.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:09 pm
Replies: 26
by Sir Afzal Shad » Sun Sep 14, 2025 8:01 pm
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26 Replies

764 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:09 pm
08 Explain what is meant by 'opportunity cost', using an example.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:16 pm
Replies: 27
by Sir Afzal Shad » Mon Sep 15, 2025 4:39 pm
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27 Replies

811 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:16 pm
09 Analyse one way in which the economic problem affects a small coffee shop owner.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:19 pm
Replies: 29
by Sir Afzal Shad » Mon Sep 15, 2025 4:41 pm
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29 Replies

813 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:19 pm
10 Outline one way a consumer might be affected by scarcity.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:25 pm
Replies: 30
by Sir Afzal Shad » Mon Sep 15, 2025 4:41 pm
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30 Replies

850 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:25 pm
11 Explain how 'specialization' can be a result of scarcity for a business.

Last post by masabtahir « Tue Oct 21, 2025 11:06 am
Replies: 27
by Sir Afzal Shad » Mon Sep 15, 2025 4:42 pm
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27 Replies

707 Views

Last post by masabtahir
Tue Oct 21, 2025 11:06 am
12 Explain reasons why 'time' is a scarce resource for a student revising for exams.

Last post by masabtahir « Tue Oct 21, 2025 10:58 am
Replies: 26
by Sir Afzal Shad » Mon Sep 15, 2025 4:43 pm
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26 Replies

713 Views

Last post by masabtahir
Tue Oct 21, 2025 10:58 am
13 Analyse how scarcity of skilled workers might affect a software company.

Last post by masabtahir « Mon Oct 20, 2025 6:41 pm
Replies: 27
by Sir Afzal Shad » Mon Sep 15, 2025 4:51 pm
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27 Replies

772 Views

Last post by masabtahir
Mon Oct 20, 2025 6:41 pm
14 Analyse one way in which considering opportunity cost can help a business make better decisions.

Last post by masabtahir « Tue Oct 21, 2025 11:09 am
Replies: 29
by Sir Afzal Shad » Mon Sep 15, 2025 4:52 pm
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29 Replies

1256 Views

Last post by masabtahir
Tue Oct 21, 2025 11:09 am
15 Explain why a student's decision to get a part-time job might have an opportunity cost.

Last post by masabtahir « Mon Oct 20, 2025 6:38 pm
Replies: 28
by Sir Afzal Shad » Mon Sep 15, 2025 4:53 pm
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28 Replies

1142 Views

Last post by masabtahir
Mon Oct 20, 2025 6:38 pm
16 Explain how a person's decision to start their own business has an opportunity cost.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:40 pm
Replies: 20
by Sir Afzal Shad » Tue Sep 16, 2025 7:51 pm
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20 Replies

659 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:40 pm
17 Outline one way a clothing retailer adds value.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:56 pm
Replies: 17
by Sir Afzal Shad » Tue Sep 16, 2025 7:52 pm
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17 Replies

646 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:56 pm
18 Analyse how a successful brand image adds value to a product like a smartphone.

Last post by Ruqyia Salman « Sat Oct 18, 2025 11:59 pm
Replies: 16
by Sir Afzal Shad » Tue Sep 16, 2025 7:53 pm
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16 Replies

538 Views

Last post by Ruqyia Salman
Sat Oct 18, 2025 11:59 pm
19 Explain one reason why specialisation might lead to lower quality products in a toy factory.

Last post by masabtahir « Mon Oct 20, 2025 6:34 pm
Replies: 18
by Sir Afzal Shad » Tue Sep 16, 2025 7:54 pm
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18 Replies

804 Views

Last post by masabtahir
Mon Oct 20, 2025 6:34 pm
20 Explain two disadvantages to a business of having an inflexible workforce.

Last post by masabtahir « Tue Oct 21, 2025 10:30 am
Replies: 17
by Sir Afzal Shad » Tue Sep 16, 2025 7:55 pm
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17 Replies

623 Views

Last post by masabtahir
Tue Oct 21, 2025 10:30 am

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