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What are the advantages of franchising?

The franchisee will be buying into a established brand so there will be less risk of the business failing because they have a good repuattion and have a product which consumers will demand.

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Answered by Thomas C. • Business Studies tutor

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Explain what factors will influence a business' choice of supplier

Cost: The lower the cost to the business the cheaper each unit will be and this helps the business to increase their profit. However the drawback to this is that quality can be neglected as a result.

Answered by Thomas C. • Business Studies tutor

19299 Views

How do I apply motivation theories in essay-based exam questions?

The IB is all about critical thinking. You will never score top marks unless you see beyond a problem. Learning theories by hard will lead you nowhere.

It ...

Answered by Carla C. • Business Studies tutor

10977 Views

What are Porter's 5 forces and how they help the business?

Power of supplier- How high the supplier's ability is to increase prices, which is determined by how many other companies they supply, as well as the uniqueness of the product. If there are fewer supplier...

Answered by Natalie H. • Business Studies tutor

6543 Views

What is Opportunity Cost?

Opportunity cost arises whereby you are forced to make a decision between two options, usually because of financial constraints. The 'opportunity cost' is the option that you do NOT choose.