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Formula for Breakeven = Fixed costs / (selling price – variable cost). Fixed costs = £1800. Selling price = £1.15. Variable costs = 0.45 + 0.20 = £0.65. Selling price - variable cost = £1.15 – £0.65 = £0....

The 4Ps is a model to help businesses with their marketing to make sure it is meeting the customers needs. It's also called the marketing mix. The first P is price, so within this is the different pricing...

Protectionist policies that governments may impose ca consist of tariffs, quotas and embargoes. These can lead to a fall in profits for UK businesses to a large extent because they limit and discourage gl...

There are many ways in which globalisation can help increase operational efficiency, for example; economies of scale. Globalisation can help lower production costs as a result of a wide spread production,...

The two concerns the level of responsibility for debts of a business if it happens to fail. Limited liability means that a shareholder can only lose the investment they made into the company if it fails. ...