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Note: During the session I would have a practice question I would use to highlight these points more effectively and to help the student understand better. First of all it is necessary to read and understand...

Competition is likely to have a big impact on Pizza Express especially if their main competitors have a cheaper price point this is because customers might be swayed by the more competitive price. For exampl...

Temporary staff have an employment contract with their employer but it is for a predetermined time period or until a specific task has been completed. One advantage of having temporary employees is that they...

Just in time (JIT) is a stock control system that removes the need to hold large quantities of buffer stocks. Stocks arrive just before they are required. JIT would improve the cash flow of a company, with l...

Selling price of novelty mug= £4; Cost of making mug= £2; Distribution cost= £50 for every 100 mugs sold. Therefore, 1) 5000 x £4= £20,000; 2) 5000 x £2= £10,000 3) £20,000- £10,000 = £10,000; 4) 5000/100= 5...