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IGBizStudies
Jul 9, 20211 min read
Do you think changes in legal controls over employment issues will always reduce business profits?
May/June 2020 Version 12 - 4(e)
450
IGBizStudies
Jun 21, 20211 min read
Define Profit
May/June 2020 Version 2 Notes Revenue, cost and profit in income statement Check out example answer HERE
120
IGBizStudies
May 27, 20211 min read
What are profitability ratios
There are three (3) profitability or performance ratios. Gross profit margin, profit margin and return on capital employed.
1440
IGBizStudies
May 27, 20212 min read
Revenue, cost and profit in income statement
How to calculate and use information on revenue, cost and profits in income statements 1. Revenue - Total sales 2. Cost of sale - Total...
1390
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...
760
IGBizStudies
May 5, 20211 min read
What are extension strategies
Extension strategies help prolong the sales and profit of matured products They include; New versions of existing products, with...
1650
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...
630
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...
740
IGBizStudies
May 1, 20212 min read
Why do businesses fail?
Poor entrepreneurial skills, lack of planning and research, failure to obtain financing, wrong location for the business
1100
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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IGBizStudies
Apr 27, 20212 min read
What is opportunity cost
Opportunity cost happens when we forgo an alternative activity or use of resources to produce goods and services. The benefits from...
1060
IGBizStudies
Jan 15, 20212 min read
What is break-even analysis?
How does breakeven analysis help firms make business decisions?
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