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Positive aspects of being a sole trader and positive aspects of being in a partnership

(I have avoided including definitions of both and the negatives to save space) As a sole trader you are the only person of authority in the business. This means that all decisions made are by you, allowing f...
LB
2006 Views

Name one benefit to companies that have a flat management structure.

One benefit that businesses have from having a flat management structure is that it is less likely to have communication issues. This is due to the reason that flat management structures normally have betwee...
OA
2153 Views

Analyse the benefits for a national firm of a government adopting protectionist trade policies?

Protectionism- when a government promotes national entrepreneurship, such as by imposing tariffs and quotas on imports.One benefit is that there would be less competition, as foreign companies would not find...
UP
1821 Views

What is a wholesaler?

A wholesaler is an organsiation that buys large quantities of products from the original manufactuerer, they then sell these to other retailers at a lower price due bulk buying. They act as a link between tw...
AP
2640 Views

Mark has a business selling pens. He is trying to calculate his break even point for the current month. His fixed costs are £12,000. It costs him £2.10 to produce these pens and they sell for £2.70. How many pens does he need to sell?

Total Fixed Cost (£12,000) Divided by (Revenue per unit[£2.70] - Variable cost per unit[£2.10] = 60p)Break even point = £12,000 divided by 0.6 = 20,000 pens
AP
1813 Views