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mishi
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TOPIC QUESTION - PAPER 1
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mishi
January 27, 2025 at 6:34:22 AM
May/June 2022
Version 2
1.0 Understanding Business Activity
1.3 Enterprise, Business Growth and Size
YOUR ANSWER
the market is competitive making survival difficult.
a new business has no experience so chances are high as compared to an old established one
a new business may operate loss at first while an established one earns rather high profit
a new business has no customer base to sell its product to while an old one may have loyal customers and a large market share
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