Table Of Contents Marketing, Competition, and the Customer Exam Practice ✍🏽Market Research Exam Practice ✍🏽Marketing Mix Exam Practice ✍🏽Marketing Strategy Exam Practice ✍🏽 Marketing, Competition, and the Customer Exam Practice ✍🏽 LIT Trendz is a public limited company. It makes a range of clothing products including T-shirts and jeans for the mass market. Last year
Table Of Contents Production of Goods and Services Exam Practice ✍🏽Costs, Scale of Production and Break-even Analysis Exam Practice ✍🏽Achieving Quality Production Exam Practice ✍🏽Location Decisions Exam Practice ✍🏽 Production of Goods and Services Exam Practice ✍🏽 Delishjuice is a small business and produces a range of fruit juice made from fruit using batch production.
Table Of Contents Business Finance: Needs and Sources Exam Practice ✍🏽Cash-Flow Forecasting and Working Capital Exam Practice ✍🏽Income Statements Exam Practice ✍🏽Statement of Financial Position Exam Practice ✍🏽Analysis of Accounts Exam Practice ✍🏽 Business Finance: Needs and Sources Exam Practice ✍🏽 Dika is a sole trader in Country A. He provides removals services to business
Table Of Contents Economic Issues Exam Practice ✍🏽Environmental and Ethical Issues Exam Practice ✍🏽Business and the International Economy Exam Practice ✍🏽 Economic Issues Exam Practice ✍🏽 Ymix is a large cement company based in country X. Ymix is in the private sector. It supplies builders in country X with 20% of the cement they need
The Purpose and Nature of Business Activity Solution ✍🏽 WaWay, a large manufacturing business, makes cell (mobile) phones. WaWay exports 30% of its products. It imports most of its raw materials to help reduce total costs. All 400 of WaWay’s employees understand the importance of quality control. WaWay’s directors are researching ways of further adding
Marketing, Competition, and the Customer Solution ✍🏽 LIT Trendz is a public limited company. It makes a range of clothing products including T-shirts and jeans for the mass market. Last year LIT Trendz’s revenue fell. The Marketing Director has been looking at some results from its primary market research. 10% more customers bought clothing products
Production of Goods and Services Solutions ✍🏽 Delishjuice is a small business and produces a range of fruit juice made from fruit using batch production. Delishjuice uses specialisation in its factory. The business has grown quickly over the last two years. Delishjuice has increased the number of production workers from 10 to 20 . This
Business Finance: Needs and Sources Solutions ✍🏽 Dika is a sole trader in Country A. He provides removals services to business customers. His business does not benefit from any economies of scale because it is small. Dika uses an old truck he has borrowed from his father to travel between his customers’ offices and shops.
Economic Issues Exam Solutions✍🏽 Ymix is a large cement company based in country X. Ymix is in the private sector. It supplies builders in country X with 20% of the cement they need and the rest is imported. Ymix now has eight cement factories but plans to close two of them. This will threaten 2000
2.1.1 The Importance of a Well-Motivated Workforce Why people work and what motivation means Motivation is the reason why employees work hard and effectively for a business. Why is it so important for a business to have motivated employees? Motivation improves productivity so motivated workers will work harder and produce more output, and the firm
