Ch 1 Enterprise

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

Last post by Shayan Sikander « Thu Nov 13, 2025 3:34 pm
Replies: 40
by Sir Afzal Shad » Sun Sep 14, 2025 7:55 pm
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40 Replies

3339 Views

Last post by Shayan Sikander
Thu Nov 13, 2025 3:34 pm
02 Explain why a consumer might 'want' a branded pair of trainers but only 'need' a basic pair of shoes.

Last post by tanzeelrehman « Thu Nov 06, 2025 11:43 am
Replies: 36
by Sir Afzal Shad » Sun Sep 14, 2025 7:58 pm
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36 Replies

1402 Views

Last post by tanzeelrehman
Thu Nov 06, 2025 11:43 am
03 Explain one reason why a new start-up business might find it easier to satisfy needs rather than wants.

Last post by tanzeelrehman « Thu Nov 06, 2025 11:50 am
Replies: 35
by Sir Afzal Shad » Sun Sep 14, 2025 7:59 pm
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35 Replies

1176 Views

Last post by tanzeelrehman
Thu Nov 06, 2025 11:50 am
04 Analyse how a car manufacturer could add value to its products by focusing on customer wants.

Last post by tanzeelrehman « Thu Nov 06, 2025 12:34 pm
Replies: 38
by Sir Afzal Shad » Sun Sep 14, 2025 7:59 pm
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38 Replies

1098 Views

Last post by tanzeelrehman
Thu Nov 06, 2025 12:34 pm
05 Outline what is meant by 'the economic problem'.

Last post by tanzeelrehman « Thu Nov 06, 2025 12:40 pm
Replies: 35
by Sir Afzal Shad » Sun Sep 14, 2025 8:00 pm
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35 Replies

1044 Views

Last post by tanzeelrehman
Thu Nov 06, 2025 12:40 pm
06 Analyse one reason why wants are more important than needs for a business that sells luxury watches.

Last post by tanzeelrehman « Thu Nov 06, 2025 12:49 pm
Replies: 33
by Sir Afzal Shad » Sun Sep 14, 2025 8:01 pm
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33 Replies

1247 Views

Last post by tanzeelrehman
Thu Nov 06, 2025 12:49 pm
07 Outline one way a bank satisfies customer 'wants', not just the 'need' for a safe place for money.

Last post by tanzeelrehman « Thu Nov 06, 2025 1:32 pm
Replies: 27
by Sir Afzal Shad » Sun Sep 14, 2025 8:01 pm
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27 Replies

1068 Views

Last post by tanzeelrehman
Thu Nov 06, 2025 1:32 pm
08 Explain what is meant by 'opportunity cost', using an example.

Last post by tanzeelrehman « Thu Nov 06, 2025 1:38 pm
Replies: 28
by Sir Afzal Shad » Mon Sep 15, 2025 4:39 pm
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28 Replies

1004 Views

Last post by tanzeelrehman
Thu Nov 06, 2025 1:38 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

1074 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

1499 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 Mashal Umair Niazi « Tue Oct 28, 2025 10:41 pm
Replies: 28
by Sir Afzal Shad » Mon Sep 15, 2025 4:42 pm
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28 Replies

920 Views

Last post by Mashal Umair Niazi
Tue Oct 28, 2025 10:41 pm
12 Explain reasons why 'time' is a scarce resource for a student revising for exams.

Last post by Mashal Umair Niazi « Tue Oct 28, 2025 11:45 pm
Replies: 27
by Sir Afzal Shad » Mon Sep 15, 2025 4:43 pm
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27 Replies

975 Views

Last post by Mashal Umair Niazi
Tue Oct 28, 2025 11:45 pm
13 Analyse how scarcity of skilled workers might affect a software company.

Last post by Mashal Umair Niazi « Tue Oct 28, 2025 11:50 pm
Replies: 29
by Sir Afzal Shad » Mon Sep 15, 2025 4:51 pm
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29 Replies

1045 Views

Last post by Mashal Umair Niazi
Tue Oct 28, 2025 11:50 pm
14 Analyse one way in which considering opportunity cost can help a business make better decisions.

Last post by Mashal Umair Niazi « Wed Oct 29, 2025 12:01 am
Replies: 30
by Sir Afzal Shad » Mon Sep 15, 2025 4:52 pm
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30 Replies

1919 Views

Last post by Mashal Umair Niazi
Wed Oct 29, 2025 12:01 am
15 Explain why a student's decision to get a part-time job might have an opportunity cost.

Last post by Mashal Umair Niazi « Wed Oct 29, 2025 12:06 am
Replies: 29
by Sir Afzal Shad » Mon Sep 15, 2025 4:53 pm
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29 Replies

1657 Views

Last post by Mashal Umair Niazi
Wed Oct 29, 2025 12:06 am
16 Explain how a person's decision to start their own business has an opportunity cost.

Last post by Mashal Umair Niazi « Wed Oct 29, 2025 12:10 am
Replies: 21
by Sir Afzal Shad » Tue Sep 16, 2025 7:51 pm
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21 Replies

888 Views

Last post by Mashal Umair Niazi
Wed Oct 29, 2025 12:10 am
17 Outline one way a clothing retailer adds value.

Last post by Mashal Umair Niazi « Wed Oct 29, 2025 12:14 am
Replies: 18
by Sir Afzal Shad » Tue Sep 16, 2025 7:52 pm
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18 Replies

892 Views

Last post by Mashal Umair Niazi
Wed Oct 29, 2025 12:14 am
18 Analyse how a successful brand image adds value to a product like a smartphone.

Last post by Mashal Umair Niazi « Wed Oct 29, 2025 12:19 am
Replies: 17
by Sir Afzal Shad » Tue Sep 16, 2025 7:53 pm
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17 Replies

689 Views

Last post by Mashal Umair Niazi
Wed Oct 29, 2025 12:19 am
19 Explain one reason why specialisation might lead to lower quality products in a toy factory.

Last post by Mashal Umair Niazi « Wed Oct 29, 2025 12:23 am
Replies: 19
by Sir Afzal Shad » Tue Sep 16, 2025 7:54 pm
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19 Replies

1290 Views

Last post by Mashal Umair Niazi
Wed Oct 29, 2025 12:23 am
20 Explain two disadvantages to a business of having an inflexible workforce.

Last post by Mashal Umair Niazi « Wed Oct 29, 2025 12:30 am
Replies: 18
by Sir Afzal Shad » Tue Sep 16, 2025 7:55 pm
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18 Replies

752 Views

Last post by Mashal Umair Niazi
Wed Oct 29, 2025 12:30 am

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