A Level Business Studies (Developing Business Ideas) Flashcards on 1.3.2 Identifying a Business Opportunity, created by Molly Hills on 13/11/2014.
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Created by Molly Hills
about 10 years ago
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Created by Molly Hills
about 10 years ago
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Definition of a Market
Definition of Demand
A Change in price results in a 'what' along the demand/Supply curve
Three factors which result in a Shift along the Demand Curve
Definition of Supply
Is supply a direct or indirect relationship between price and quantity?
Three other factors which result in a Shift along the supply curve
Definition of Equilibrium Price
What can be called 'The Market Clearing Price'?
Definition of Market Orientation
Market orientation can lead to...
