This test is run by .
Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
1.1.3 The role of business enterprise MatchUp
Target Level
4-5
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Adding value through quality
A business can add value to a product by good design which includes precious metals and gemstones.
Adding value through convenience
A business can have a USP by making products differently from other companies. This will add value to the product for the customer.
A business can add value by giving a high-quality service or having high-quality products.
A quick delivery time can add value to a product by making it very convenient for busy customers.
Businesses can add value by providing customers with beautifully designed products.
Adding value through branding
Businesses can add value by having a USP which could be solving a problem for a customer, or helping them to choose a product.
Identify the term: A business can add value by selling products in a shop which is close to where customers live.
Identify the term: A bakery decides to make the most delicious brown bread for customers to buy.
Identify the term: A business decides to create an eye-catching logo to use on its product range.
Identify how value is added: A furniture company makes chairs and tables that are really attractive and which come flat-packed, ready for customers to assemble at home.
Identify how value is added: A business provides a TV box set streaming service for which it charges a monthly subscription. The business creates new content to show exclusively on its service, and many of these new shows win awards.
Identify how value is added: A bookshop prides itself on its knowledgeable staff, who can offer advice and information on all the authors and their books. This helps the customers when they are trying to choose something new to read.
Identify how value is added: A chocolate company makes Easter eggs which are not thin like some other companies' eggs - they make ridiculously thick shells which are made with more cocoa and less sugar.
Identify how value is added: A pizza business aims to deliver all orders to customers within 30 minutes.
Identify how value is added: A Swiss luxury watch manufacturer developed the original quartz watch movements that make them so special. Each watch takes about five years to research and develop, and some are made from gold and diamonds.