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(PART OF THE QUESTION):Park Designs Ltd (PDL) is a family business that makes high quality wooden furniture to order. The Park family owns all the shares. As part of its commitment to training...
A SWOT Analysis is a framework used to analyse a business, its resources and the external and internal environment. SWOT stands for Strengths, Weaknesses, (this relates t...
When approaching all exam questions, a good way of picking up easy marks is to try and define any key terms given in the question.So here I would firstly define economies of scale. Economie...
Induction training enables new recruits to learn the business procedures their organisation follows, meaning they will be less likely to make mistakes and become productive employees as quickly as possibl...
Porter’s five forces framework assesses market competitiveness and profitability. The five factors included in porters five forces are threat of new entrants, bargaining power of suppliers, bargaining pow...
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