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market share 2007 = 10/125 x100 = 8%market size 2017 = 12.6/x x100 = 6% 12.6/x = 0.06 12.6 = 0.06 x (divide by 0.06) = 210 millionmarket size growth = new - old/old 210 (new) - 125 (old)/ 125 (old) x100 =...
Leadership is a relationship through which one person influences the behaviour or actions of other people. Leadership can be demonstrated as 'command' where leaders take direct control, 'vision' leaders s...
Advantages: The business is cheaply and easily formed as there is no long legal process. Owner gets to keep all the profits. Owner gets to make all the decisions.* Close links with both employees and cust...
Business strategies are often long-term; they define goals across many years and how to work towards achieving them; specifically, strategies are often developed to work towards the business's mission.Tac...
If a firm can benefit from Economies of Scale this will mean as the firm grows their average costs reduce. Therefore, they are more efficient, as a result they are able to be more competitive in the marke...
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