Business Studies (9-1) - 0986 CIE

Market Changes:

Akopọ

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.

Awọn Afojusun

  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

Akọ̀wé Ẹ̀kọ́

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.

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
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Ìdánwò Ẹ̀kọ́

Oriire fun ipari ẹkọ lori Market Changes:. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.

  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

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
Oluranlọwọ ẹkọ ti AI ṣe agbara rẹ
Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
O wa lori Android, Windows, macOS, ati Linux

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
Oluranlọwọ ẹkọ ti AI ṣe agbara rẹ
Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
O wa lori Android, Windows, macOS, ati Linux

Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe

Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Market Changes:? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.

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Gbogbo ohun ti o nilo lati ṣe dara julọ ninu JAMB, WAEC ati NECO.

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