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What are the forms of business ownership?

There are a number of types of business ownership, taking account of the many different circumstances surrounding a business's ownership and the numbers of people involved. Many small businesses, for example...
ND
3725 Views

Identify and describe the 4 elements of the Boston Matrix.

The four elements are star products, cash cows, problem children and dogs. Star products have a high market share in a fast growing market, cash cows have a high market share in a slowly growing market, prob...
LB
3198 Views

Explain two benefits to a business of using part-time staff

One benefit is that part-time staff offer greater flexibility and keeps costs down for variations in demand while keeping costs low. For example, in winter months many retail businesses hire part-time tempor...
JR
8366 Views

Define Economies of Scale stating an instance when this might occur.

This is when a company's costs decrease as a result of increased production. This may occur when two companies decide to merge in order to grow the business by pooling their individual resources. As a result...
SM
1801 Views

Explain how a company selling a new brand of milk chocolate bar may benefit from using a penetration pricing strategy. (4 marks)

Penetration pricing can be described as when a product enters the market with a low price initially, with the hope of being able to gain customer loyalty and thus market share, allowing them to eventually in...
KH
5172 Views