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What's the difference between a public sector business and a public limited company?

The business world is divided into the public sector and private sector. Public sector businesses are run by the government and often provide necessities like electricity or bus services. The private sector ...
RG
33640 Views

In the context of company X(supermarket), distinguish between Just-In-Time (JIT) and Just-In-Case (JIC)

Command term: "Distinguish" = AO2—Demonstrate application and analysis 3 Steps to the answer 1)Define: What is JIT and JIC? 2)Apply: Apply to the case study: Has company X carried out JIC or JIT? 3...
RH
2878 Views

Explain the importance of having a unique selling point (USP)

A unique selling point (USP) is a differential factor, which enables the business to distinguish itself from other competitors in the market place. As such, a USP is important as it provides more value for m...
SV
47333 Views

What impact does business structure have on the success of the business?

Treating the question like an essay question, run through with the student how to structure an answer for, perhaps, a short 8 mark essay question. Begin by listing the main business structures (sole trader, ...
GR
2617 Views

What is the difference between a public limited company and a private limited company?

Although the PLC and the LTD share many similar characteristics, there are a few differences. Both types of incorporated company have a separate legal personality to their owners (shareholders). This means t...
EC
30627 Views