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1.1.1 The dynamic nature of business - Match-up

Match-up definitions and answers with key terms and examples. Press submit to check your answers.

Obsolescence
Innovation
Adapting products
Consumer preferences
Technological change
Market gap
Digital disruption
Spotting problems


Answers
Digital services or apps that replace traditional products or business models
Improving or changing existing goods or services to meet new needs
New technology altering production, distribution, or customer behaviour and demand
Using personal experiences to identify everyday problems worth solving commercially
An unmet customer need or problem that creates business opportunity
When products or services become outdated and replaced by newer alternatives
Changes in what customers want, influencing business product decisions
Development of a new idea that improves or replaces existing products
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