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Active Revision – Testing what you know 1.1 Enterprise and Entrepreneurship Outline how changes in technology can lead to new business ideas, use an example to support.Outline how changes in consumer behaviour can lead to new business ideas, use an example to support.What does obsolete mean and why does it lead to new business ideas, use an example to support.List 2 reason why adapting new products is a good way to come up with new business ideas.List 2 new products / services that have been developed as original ideas“Products from original ideas will have a USP”. What does this mean?List 2 risks of business decisions.List 2 rewards of business decisions.Outline what adding value means.List 4 ways you could add value to products.Why does adding value help a business become more competitive?Define entrepreneurList 3 things an entrepreneur must be able to do. ................
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