O'Level  &

Cash is needed to pay business expenses. Cash flow describes how a business receives cash (cash inflow) and spends it (cash outflow).

Cash flow is necessary for a business to operate at all times

They are practices that ensures the quality of product. Quality Control Quality control removes defective output at the end of the...

Nature of product, size of market, demand needs, productive capacity

Productivity is the measurement of the amount of output a unit of input could produce. They are measured using the following formulas...

Economies of scale happens when a business grow large enough to enable them to lower average cost, while diseconomies of scale happens...

Technology can change production methods, improve productivity, quality and efficiency.

Kaizen and Just-in-time

There are four (4) production methods Flow production Batch production Job production Flow Production Flow production involves a...

There are above-the-line and below-the-line promotions Above-the-line Promotion Above-the-line promotion uses newspapers, radio,...

For cost-based, competitive and demand-based method The different pricing strategies; Cost-based pricing Competitive pricing Destruction...

The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...

Extension strategies help prolong the sales and profit of matured products They include; New versions of existing products, with...

Product Life Cycle is the process a product would undergo during their existence in the market. It starts with; Launch Growth Maturity...

A brand gives an identity to a company that is distinct from other companies selling a similar product or service. A good brand can...

Competition drive business growth and can benefit consumers. They can also; Increase customer base and loyalty Increase revenue and sales...

It will change market trend and create new opportunities for business as spending patterns of consumer changes. Market trend changes all...

The risk of failing due to language barriers, cultural differences, legal and foreign exchange risk

It is different in each country

By identifying SWOT and combining the four marketing mix element