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One of the main impacts of EU membership on UK businesses is the Single European Market. The European market allows UK firms to take advantage of lower costs of doing business, and this is due to a number...
revenue - costs = profit
(I have avoided including definitions of both and the negatives to save space)As a sole trader you are the only person of authority in the business. This means that all decisions made are by you, al...
A wholesaler is an organsiation that buys large quantities of products from the original manufactuerer, they then sell these to other retailers at a lower price due bulk buying. They act as a link between...
Total Fixed Cost (£12,000) Divided by (Revenue per unit[£2.70] - Variable cost per unit[£2.10] = 60p)Break even point = £12,000 divided by 0.6 = 20,000 pens
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