GCSE Business Studies
What is a Buisness ?
A Business is where you buy and sell or exchange goods to customers also its an organisation witch provides services for example business offer customer services and its the wants and desires of the buyers.
What is a Customer ?
A customer is where a a person purchases products from the business
What is a Supplier
A Supplier is where a person supplies products,goods and services in
bulk to a business
What is a Consumer?
A person who purchases goods and services for personal use.
What is a market research?
the action or activity of gathering information about consumers' needs and preferences.
What is a primary research ?
Primary research is any type of research that you go out and collect yourself. Examples include surveys, interviews, observations, and ethnographic research
Give some examples
What is secondary research ?
What is qualitative data ?
What is quantitative data?
What is a market map ?
What is a segments (give some examples)?
Name some expensive shops?
What does it mean by "a gap in the market"?