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John runs a sandwich shop in his local village and has 4 employees. Which of the following represents a variable cost to John? i) Insurance of the shop ii) Wages paid to his employees iii) Rent to the landlord iv) Gas due to heating

A variable cost is a cost to a business or individual which changes with respect to the amount of output whilst a fixed cost is one that will remain constant, irrespective of the amount of output by the indi...
GS
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Explain two possible negative impacts a multinational corporation might have on the host country.

One negative impact a multinational corporation might have on the host country is employing children at a very low cost. Many manufacturing companies source their production in developing economies where the...
JG
5191 Views

To what extent do the long term sales of a company, such as Primark, revolve around international trading ?

Perhaps one of the greatest reasons to suggest that Primark's long term success depends on trading internationally, is due to the fact that it allows the company to reach a wider scope of customers. Therefor...
AC
4758 Views

I really don't understand what the types of inflation are.

It is important to understand that any type of inflation is the rise of goods and services across the economy over a period of time. The reason why this occurs is that resources are finite- which means they'...
LS
2788 Views

With reference to one or more organisations that you have studied, evaluate any ethical strategies adopted by this business.

What are ethics? Ethics are the socially accepted moral principles that guide decision making, based on the collective belief of what is right and what is wrong ( Paul Hoang ). In business, ethics are moral ...
IO
2334 Views