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Evolve Health Club Virgin Active is a market leader in the fitness industry - Edexcel - GCSE Business - Question 4 - 2017 - Paper 1
Question 4
Evolve Health Club Virgin Active is a market leader in the fitness industry. Most of its gyms are located on the outskirts of towns. Evolve Health Club is a compet... show full transcript
Worked Solution & Example Answer:Evolve Health Club Virgin Active is a market leader in the fitness industry - Edexcel - GCSE Business - Question 4 - 2017 - Paper 1
Step 1
What is meant by the term demand?
Answer
Demand refers to the quantity of a good or service that consumers are willing and able to purchase at a given price. It reflects the desire for a product combined with the financial resources to acquire it. In this context, the correct answer is:
- A The quantity of a good or service a consumer is willing and able to buy.
Step 2
Outline one method Evolve Health Club could use to be more socially responsible.
Answer
One method Evolve Health Club could adopt to enhance its social responsibility is to implement sustainable practices in its operations. For instance, Evolve could consider using eco-friendly materials for gym equipment and facilities, promoting public transport for staff and members, or collaborating with local charities to support community health initiatives. This not only helps the environment but also strengthens their brand image and community ties.