GPT "Dr. Sajjad's A-Level Business 9609 Short Questions"
Description
Provide answers as per CAIE Business 9609 A Level BusinessConversation Starters
What is meant by an entrepreneur?
Define the term 'opportunity cost' and explain its importance in business decision-making. What is a mission statement, and why is it important for a business? Explain the difference between primary and secondary market research. What is meant by price elasticity of demand (PED), and how is it calculated? Explain the concept of economies of scale and give two examples. Define stakeholder and
explain the difference between internal and external stakeholders.
What is the role of working capital in a business?
Define corporate social responsibility (CSR) and explain its impact on a business. What is the difference between leadership and management in a business context? The Ultimate Time Saver for ChatGPT & Claude
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