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IGBizStudies
Jun 14, 20211 min read
Do you think REW should start selling its products in other countries? Justify your answer
May/June 2019 Version 12 - 3(e)
350
IGBizStudies
May 5, 20212 min read
What influences pricing decisions
The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...
770
IGBizStudies
May 5, 20212 min read
What is Product Life Cycle and its importance
Product Life Cycle is the process a product would undergo during their existence in the market. It starts with; Launch Growth Maturity...
650
IGBizStudies
May 5, 20211 min read
What is branding and why it is important
A brand gives an identity to a company that is distinct from other companies selling a similar product or service. A good brand can...
790
IGBizStudies
May 4, 20211 min read
Why and How do businesses compete
Competition drive business growth and can benefit consumers. They can also; Increase customer base and loyalty Increase revenue and sales...
750
IGBizStudies
May 4, 20212 min read
What happens when market changes
It will change market trend and create new opportunities for business as spending patterns of consumer changes. Market trend changes all...
590
IGBizStudies
May 4, 20211 min read
What are the problems when growing your market abroad?
The risk of failing due to language barriers, cultural differences, legal and foreign exchange risk
660
IGBizStudies
Apr 29, 20212 min read
How to measure the size of a business?
Size of capital employed, market share, revenue/output volume, number of employees
2,6210
IGBizStudies
Apr 28, 20212 min read
What are business objectives?
The key business objectives are profit, market share, growth and survival
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