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What three routes to new business ideas can technological change open?

A
  • Lower prices that every business must charge
  • Fewer employees needed in every industry
  • More advertising through traditional media
B
  • Existing products sold to the same customers
  • Existing services delivered more slowly
  • Traditional shops with longer opening hours
C
  • More factories built in every region
  • More managers hired by large firms
  • More offices rented by retailers
D
  • New products that could not exist before
  • New services that technology makes possible at scale
  • New ways of trading, such as e-commerce

Card 1 of 20

1.1.1a Why new business ideas come about: technology and consumers Flashcards

  1. GCSE
  2. /Business
  3. /1.1.1a Why new business ideas come about: technology and consumers

20 flashcards on Edexcel GCSE Business 1.1.1a Why new business ideas come about: technology and consumers: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.

Flashcards