Lesson 1.1.1b
1.1.1b Original ideas and adapting existing products, services and ideas Quiz: Pearson Edexcel Business, Unit 1
20 questions
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Lesson 1.1.1b, Original ideas and adapting existing products, services and ideas: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 1: Enterprise and entrepreneurship, written with Revision Ninja.
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The 20 questions
-
Which business idea is the best example of an original concept?
- New shoe colour
- First-ever clothing swap app
- Cheaper local delivery
- Standard coffee shop
-
What does adapting an existing business idea mainly involve?
- Copying rivals directly
- Closing physical stores
- Lowering production costs
- Modifying for new needs
-
Adding a foreign fitness class concept to a local gym is an example of what?
- An original patent
- An adapted idea
- A sole invention
- A failed launch
-
Why is adapting an existing idea usually less risky than inventing one?
- Market demand exists
- Costs are zero
- No staff needed
- Sales are guaranteed
-
Which product represents the best example of an original idea?
- Updated smartphone model
- Standard leather belt
- First-ever plant app
- New brand of cola
-
Installing self-scan checkouts already used by rival stores is an example of what?
- An adapted idea
- A pure invention
- A unique concept
- An original startup
-
Implementing a booking system used by salons in other towns is an example of what?
- A brand invention
- An adapted idea
- An original patent
- A sole creation
-
Which low-risk strategy suits a bakery wanting to launch a new product?
- Stopping all baking
- Adapting a proven recipe
- Importing foreign wheat
- Inventing a new machine
-
Why can launching an original business idea be much riskier?
- Taxes are zero
- Sales are certain
- Demand is uncertain
- Costs are lower
-
Adding an electric motor to a standard bicycle design is an example of what?
- Market withdrawal
- Product adaptation
- Complete obsolescence
- Pure invention
-
What defines an original business idea compared to an adapted one?
- Brand new concept
- Updated service version
- Foreign market copy
- Modified existing product
-
A board game made into a tablet app is an example of what?
- Invention
- Adapted idea
- Patent concept
- Original idea
-
Which scenario best demonstrates an original business idea?
- Reselling used clothes
- Inventing a new dish
- Importing a foreign item
- Copying a rival
-
What is the most crucial step before launching a foreign adapted product?
- Registering patents
- Market research
- Liquidation
- Cutting staff
-
Which example represents original thinking rather than adaptation?
- Imported fashion line
- Franchise outlet
- New recycling process
- Updated smartphone
-
What is a common source of a genuinely original business idea?
- Competitor copy
- Existing franchise
- Market gap
- Established brand
-
What is a likely benefit of adapting an idea for a new demographic?
- Zero competition
- Lower taxes
- Guaranteed profit
- New customer segments
-
What potential benefit can original business ideas give a firm?
- Instant profit
- Zero financial risk
- Competitive advantage
- Exemption from tax
-
Which phrase best describes the process of adapting a business idea?
- Changing features
- Inventing from scratch
- Closing down
- Liquidating assets
-
Why do entrepreneurs often examine successful overseas business ideas?
- Free patents
- Proof of demand
- Guaranteed monopoly
- Zero costs
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