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Identify two methods of internal growth that a business could choose:

The options of internal growth in a company are: - Increase existent production through innovation in technology or investment in new capital - Creation of new productions - Finding new markets such as a dif...
HB
4127 Views

Calculate the additional weekly profit the business would make if it produced and sold 5000 novelty mugs every week.

Selling price of novelty mug= £4; Cost of making mug= £2; Distribution cost= £50 for every 100 mugs sold. Therefore, 1) 5000 x £4= £20,000; 2) 5000 x £2= £10,000 3) £20,000- £10,000 = £10,000; 4) 5000/100= 5...
JB
2109 Views

Construct a break-even graph and evaluate its usefulness as a finance tool.

Break-Even is a tool used by businesses to project the amount of units they have to sell before they break-even, in other words before they have recouped their investment. To calculate this number, 3 figures...
MH
3843 Views

Describe the methods which may be used to motivate employees.

Businesses can motivate employees either through monetary or non-monetary incentives. There are many monetary incentives, some of which are: - Overtime: Staff are paid extra for working over and above their ...
AH
4622 Views

Explain two benefits to a business of ensuring the protection of their employees’ health and safety (4)

By ensuring the protection of their employee's health and safety an employer can dimish the chance of accidents occurring in the workplace. This is beneficial as less business working days would be lost to a...
JD
14039 Views