Business Studies - 0450 CIE

Market Changes:

Gbogbo ọrọ náà

The shops and products that seemed essential ten years ago can look old-fashioned today. Customer tastes shift, new rivals appear, and the firms that survive are the ones that notice and respond. Markets never stand still.

In this lesson you will learn why customer spending patterns change, why meeting changing needs matters, why many markets have grown more competitive, and the practical ways a business can respond to keep its customers and stay ahead.

Ebumnobi

  1. Why customer/consumer spending patterns may change
  2. The importance of changing customer needs
  3. Why some markets have become more competitive
  4. How businesses can respond to changing spending patterns and increased competition

Nkuzi Olu

Gee ntị na nkuzi a na ngwa

Maapụ uche

E seela isiokwu a ka ị hụ otu echiche si ejikọta.

Mepee maapụ uche na ngwa

Kaadị ncheta

Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.

Mee omume kaadị ndị a na ngwa

Akwụkwọ Ọmụmụ

A business that ignores change loses customers to rivals who do not. Understanding why spending patterns shift, and how to respond, is central to marketing and to a firm's survival. Examiners reward students who can link a change in the market to a sensible business response.

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Nnyocha Ọmụmụ

Ekele diri gi maka imecha ihe karịrị na Market Changes:. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.

Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.

Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.

  1. Which is a reason customer spending patterns change? A. fixed costs B. changes in income and taste C. capital employed D. the firm's logo Answer: B
  2. A market becoming more competitive is often caused by: A. fewer customers B. globalisation and the internet C. higher fixed costs only D. a stronger union Answer: B
  3. The best first response to changing customer needs is usually to: A. cut all prices B. carry out market research C. fire workers D. raise the minimum wage Answer: B
  4. Streaming replacing DVDs is an example of spending changing due to: A. new technology B. a trade union C. health and safety law D. a minimum wage Answer: A
  5. A way for a small shop to respond to online competition is to: A. ignore the internet B. sell online and improve in-store service C. raise prices sharply D. stop researching customers Answer: B

Rue ajuju ndi a n'ime ngwa ahu

Rue ajuju ndi a n'ime ngwa ahu

Meecha Ajụjụ Ule Ọmarịcha

Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Market Changes:? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.

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