Top answers

Identify and Explain two reasons why company X might want to enter new markets.

Reason 1 - Company X may want to enter new markets as it could generate more profits for the business.Explanation 1 - Entering new markets provides many benefits to multinational corporations, it allows them...
FH
7049 Views

What's the difference between fixed and variable costs?

Fixed are costs that do not change with the level of output. For example, heating bills would be a fixed cost. Whether we make 100 computers or 300 computers, our fixed costs do not change. Variable costs ar...
WN
7747 Views

Explain a benefit of using a) part-time staff in a business and b) full-time staff (3 marks each).

Part-time staff are useful to business as they are contracted for less than 40 hours a week and are therefore usually more flexible than full time staff. This means that their hours can be adjusted more easi...
ZA
3600 Views

Describe what is meant by a stakeholder and the two types?

A stakeholder is an individual/group of people who are directly interested within a business. One type of stakeholder is an internal stakeholder. These are individuals/group within the business such as emplo...
JD
1948 Views

List one internal and external stakeholder and explain why they have an influence on a business.

Internal - Managers : managers have the responsibility of ensuring the smooth running of their department and therefore making sure that all employees are working towards both their departments and the overa...
CB
2066 Views