Why set up a new business?

1

Which of the following does every business do?

2

How do you reduce the risk of starting a new business?

3

What do you call an individual who sets up their own business?

4

What is profit reward for?

5

What helps owners identify their aims and competition?

6

What is it called when multiple business are trying to win the same customers?

7

What is product differentiation?

8

What percentage of the market does a large company need to be over to have a monopoly?

9

Which of these is a method of product differentiation?

10

What helps to create brand identity?