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What is meant by market share?
May/June 2018 Version 11
IGBizStudies
Jun 22, 20211 min read
17
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Do you think REW should start selling its products in other countries? Justify your answer
May/June 2019 Version 12 - 3(e)
IGBizStudies
Jun 14, 20211 min read
35
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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...
IGBizStudies
May 5, 20212 min read
85
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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...
IGBizStudies
May 5, 20212 min read
74
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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...
IGBizStudies
May 5, 20211 min read
86
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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...
IGBizStudies
May 4, 20211 min read
80
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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...
IGBizStudies
May 4, 20212 min read
61
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What are the problems when growing your market abroad?
The risk of failing due to language barriers, cultural differences, legal and foreign exchange risk
IGBizStudies
May 4, 20211 min read
68
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How to measure the size of a business?
Size of capital employed, market share, revenue/output volume, number of employees
IGBizStudies
Apr 29, 20212 min read
2,815
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What are business objectives?
The key business objectives are profit, market share, growth and survival
IGBizStudies
Apr 28, 20212 min read
222
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