Edexcel A Level Politics Question Paper 1 May 2023// Business GCSE Edexcel

Edexcel A Level Politics Question Paper 1 May 2023// Business GCSE Edexcel Supplier - CORRECT ANSW-A business which sells products to another business. Customer - CORRECT ANSW-Any person or organisation which buys or is supplied with a product by a business. Consumer - CORRECT ANSW-The person who ultimately uses a product. Customer needs - CORRECT ANSW-The wants and desires of buyers of a product or the customers or a business. Market research - CORRECT ANSW-The process of gaining information about customers, competitors and market trends through collecting primary and secondary data. Primary research - CORRECT ANSW-The gathering of new information, called primary data, which has not been collected before. Survey - CORRECT ANSW-Research involving asking questions of people or organisations. Respondents - CORRECT ANSW-Those who provide data for a survey usually by answering questions in a questionnaire or interview. Questionnaire - CORRECT ANSW-A list of questions to be answered by respondents, designed to gather information about consumer's tastes. Focus group - CORRECT ANSW-In market research, a group of people brought together to answer questions and discuss a product, brand or issue. Secondary research - CORRECT ANSW-The process of gathering secondary data, which is information has already been gathered such as sales records, government statistics, newspaper articles or reports from market research groups. Qualitative data - CORRECT ANSW-Information about opinions, judgements and attitudes.