Top answers

Examine the impact of EU membership on UK Businesses.

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 of...
GG
2700 Views

What is the calculation for profit?

revenue - costs = profit
CH
1739 Views

Positive aspects of being a sole trader and positive aspects of being in a partnership

(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, allowing f...
LB
1996 Views

What is a wholesaler?

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 tw...
AP
2601 Views

Mark has a business selling pens. He is trying to calculate his break even point for the current month. His fixed costs are £12,000. It costs him £2.10 to produce these pens and they sell for £2.70. How many pens does he need to sell?

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
AP
1784 Views