Level 10 Unit 3 Reading 1 Vocabulary

Front

What does the term 'vital' mean in a business context?

Back

'Vital' refers to something that is essential or necessary for success, such as understanding customer preferences.

Front

What does 'worthwhile' imply when evaluating activities or investments?

Back

'Worthwhile' means that something is worth the time, effort, or resources spent on it, indicating its value or benefit.

Front

What does 'unsuitable' mean when describing products or services?

Back

'Unsuitable' refers to something that is not appropriate or fitting for a particular purpose or condition.

Front

What does it mean to 'exchange' in a trading context?

Back

To 'exchange' means to give something in return for something else, often without the use of money.

Front

What does 'overcome' mean in relation to business challenges?

Back

'Overcome' means to successfully deal with or gain control over a problem or difficulty.

Front

How can understanding customer preferences impact product sales?

Back

Understanding customer preferences is vital for tailoring products to meet their needs, which can lead to increased sales.

Front

Why is it important to evaluate the worth of online reviews?

Back

Evaluating the worth of online reviews helps consumers make informed decisions and avoid confusion when choosing products.

Front

What factors might make a product unsuitable for certain conditions?

Back

Factors such as material quality, design, and intended use can make a product unsuitable for specific conditions like bad weather.

Front

What are some common methods of exchange in trading systems?

Back

Common methods of exchange include bartering, trading goods for services, or using alternative currencies.

Front

What challenges might a company face that could prevent it from overcoming financial problems?

Back

Challenges may include poor management, lack of market demand, high competition, or unexpected expenses.