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Outsourcing refers to the third party production process undertaken by large, international firms. Rather than producing a product internally, firms will look to external manufacturers. An advantage of Ou...
The Blake Mouton grid is a business model that is used to consider different management styles in relation to the level of concern taken for the employees versus the level of concern for production. The g...
Total Quality Management is an attitude towards quality where the key aims are zero defects and total customer satisfaction.AdvantagesCosts are reduced due to less wastageDisadvan...
Annual return is £75 000 – £28 000 + £4 000 = £51 000 Return on investment = annual return x 100 = £51 000 x 100 = initial cost £220 000 Answer = 23.2% or 23%
Established businesses focus on three main strategies to grow their business and increase profits: aggregation, arbitration, and adaptation. These strategies rely on a level of certainty not available to ...
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