What is meant by ‘variable cost’?
Calculate the average cost of one motorcycle. Show your working.
Calculate X and Y: Revenue & Expenses
State four features of an income statement
What is meant by ‘income statement’?
Identify and explain two ways a manager could use information contained in an income statement
Do you think FGH should take over another business? Justify your answer
Identify and explain two possible reasons why VXH has grown quickly.
Identify and explain two disadvantages of business growth
Do you think Keila should open the new café? Justify your answer using the information in Table 1
Do you think Anna and James should move to a larger shop? Justify your answer
Identify two reason why a government might support business start-ups
Do you think there are more opportunities than threats from globalisation for TRB?
Outline two possible problems if the business grows
What is meant by franchise
Do you think selling more franchises is the best way for Filltum to expand? Justify your answer
Do you think George should buy a BunchesRUs franchise? Justify your answer
Do you think DGC should open shops in country Z as a franchise? Justify your answer
What is meant by ‘exchange rate’?
Identify two reasons why a government might introduce import controls