Identify and explain two advantages to IBH of using batch production
Explain one benefit and one limitation to RVC of using batch production
Identify and explain one advantage and one disadvantage of advertising in a national newspaper
Identify 2 ways of increasing added value
What is meant by added value
Identify and explain two factors that might affect the accuracy of FTT’s market research
How does government use expenditure, taxes and interest rates to achieve economic objectives
What is meant by stakeholder group
Do you think IBH’s performance has improved in 2017? Justify your answer using profit margins
Do you think the Government should help businesses?
What are profitability ratios
What are liquidity ratios
What are liabilities and assets in a balance sheet
Revenue, cost and profit in income statement
What are business cycles
What are factors that influence the location of your business?
What are opportunities and threats of globalization
What are multinational firms and their roles
What are sustainable development practices
Legal controls, environmental and ethical issues in businesses