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What's the difference between fixed and variable costs?

Fixed are costs that do not change with the level of output. For example, heating bills would be a fixed cost. Whether we make 100 computers or 300 computers, our fixed costs do not change. Variable costs ar...
WN
7768 Views

How should I structure my Business Studies exam answers? Could I get an example please?

Example Question: Evaluate the importance of a SWOT analysis for Apple (8 marks)Recommended structure:-Define: A SWOT analysis is carried out by the business to identify internal Strengths and Weaknesses, an...
WN
3306 Views

Using an example, describe how a business can use Corporate Social Responsibility to their advantage.

GSK is a PLC, so one of its main goals is to satisfy its shareholders and investors by paying them dividends each year, which come from their profits. The more profit made, the more each shareholder gets. Th...
CG
1568 Views

Explain a benefit of using a) part-time staff in a business and b) full-time staff (3 marks each).

Part-time staff are useful to business as they are contracted for less than 40 hours a week and are therefore usually more flexible than full time staff. This means that their hours can be adjusted more easi...
ZA
3608 Views

Assess the consequences to a business, such as Spirit Airlines, of only selling its tickets online.

One consequence of Spirit Airlines of only selling tickets online is the restricted customer reach. This is because not all potential customers are comfortable or able to use the internet for booking, some f...
HK
15331 Views