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Business paper 1 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
Business paper 1 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
[Show more]Business paper 1 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
[Show more]VAT- value added tax 
 -:- tax on value of sales of a business if they make more than certain amount of 
profit 
Income tax 
 -:- tax on the income earned by workers and soletraders 
corporation tax 
 -:- A tax on limited companies profits. 
national insurance contributors 
 -:- a tax on the owning...
Preview 3 out of 18 pages
Add to cartVAT- value added tax 
 -:- tax on value of sales of a business if they make more than certain amount of 
profit 
Income tax 
 -:- tax on the income earned by workers and soletraders 
corporation tax 
 -:- A tax on limited companies profits. 
national insurance contributors 
 -:- a tax on the owning...
Why do businesses exist 
 -:- -to satisfy the needs of customers 
-It can be developed 
-spot an opportunity to develop and improve an existing product 
What is enterprise? 
 -:- Enterprise is seeing an opportunity to provide a product or service that people are 
willing to buy. 
Reasons why peopl...
Preview 4 out of 61 pages
Add to cartWhy do businesses exist 
 -:- -to satisfy the needs of customers 
-It can be developed 
-spot an opportunity to develop and improve an existing product 
What is enterprise? 
 -:- Enterprise is seeing an opportunity to provide a product or service that people are 
willing to buy. 
Reasons why peopl...
Mass marketing 
 -:- Targeting multiple segments 
Niche marketing 
 -:- A targeting strategy that involves pursuing a large share of a small market 
segment. 
Primary secondary and tertiary sectors 
 -:- primary - extracting raw materials 
Secondary- manufacturing goods to sell to businesses or co...
Preview 4 out of 51 pages
Add to cartMass marketing 
 -:- Targeting multiple segments 
Niche marketing 
 -:- A targeting strategy that involves pursuing a large share of a small market 
segment. 
Primary secondary and tertiary sectors 
 -:- primary - extracting raw materials 
Secondary- manufacturing goods to sell to businesses or co...
Entrepreneur 
 -:- Is a person who takes the risk of starting and running a business enterprise. 
Spotting an opportunity 
 -:- Is the ability to see the need for a particular product or service that customers 
need. 
Enterprising characteristics 
 -:- Are the features of an entrepreneur, which inc...
Preview 2 out of 8 pages
Add to cartEntrepreneur 
 -:- Is a person who takes the risk of starting and running a business enterprise. 
Spotting an opportunity 
 -:- Is the ability to see the need for a particular product or service that customers 
need. 
Enterprising characteristics 
 -:- Are the features of an entrepreneur, which inc...
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