Search over 10,000 free study notes

Diseconomies of scale occurs when the average cost of a product begins rising as a business expands. This may occur due to problems communicating: as a business expands it's chain of command increases whi...

Added value is the difference between the costs of purchasing raw materials and the price the finished goods are sold at. Value is added to a good at each stage of production from raw material to the fini...

In order to answer this question, it is worth laying out the different methods of financing a business. These can be short term (overdraft, trade credit, factoring) or long term (share capital, loans from...

These two words are often misused. Advertising describes billboards, television adverts and other methods a business uses to promote their product or service. Advertising is part of the Marketing proce...

Break even is the point in which total revenue and total costs ( fixed and variable) are the same. At this point no loss or profit is made, the company ' breaks even'. 

It is used by mana...