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Explain the difference between a public and private limited company

A public limited company (plc) can sell its own shares onto the stock exchange and requires a minimum of 2 people and they also have unlimited liability in terms of their personal assets and capital. On the ...
LC
3307 Views

X Ltd is selling their only product at 12.50 per unit and they have managed to sell a total of 3000 units. They currently have total costs at £32000, £15000 of which are Fixed costs. How much is the total revenue and the total Variable costs?

Total revenue = Units sold x selling priceSo £12.50 x 3000 = £37,500Fized costs = £15000Vaeiable costs = £32,000 - £15,000 = 17,000
AT
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What are some of the most relevant pricing strategies?

Three commonly used methods:Price skimmingPrice penetrationcost plus pricingPrice skimming is when a company sets a relatively high initial price when launching a product into the market. Then as time progre...
JS
1928 Views

Explain two benefits to a business of ensuring the protection of their employees’ health and safety.

One benefit to a business is that they will comply with their legal responsibility for health and safety. If businesses do not comply with the health and safety acts placed by the government they are suscept...
OW
3513 Views

Explain one benefit of providing induction training for employees.

One benefit of induction training is increased productivity. Induction training for new employees will give them a detailed understanding of what their new role entails and how to achieve the tasks required ...
OW
3593 Views