Business - Enterprise & Entrepreneurship

• Changes in technology can lead to product ideas that did not exist before.
• When customers’ wants change, new business ideas are thought up to satisfy the new wants.
• Technological advances can mean that certain products and services become obsolet, this can lead to new ideas.
• Adapting Existing Products - these ideas make changes to current products to improve them.
• Original Ideas - have not been thought of before and are different to other things on the market.
• Rewards - the positive factors of a business leading to success and increased profit.
• Risks - The possibility of failure and financial loss.