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In 2007, a business had sales of £10 million in a market with a size of £125 million. In 2017 the business's sales were £12.6 million and its market share was 6%. Calculate the percentage growth in the size of the market between 2007 and 2017. (4 marks)
market share 2007 = 10/125 x100 = 8%market size 2017 = 12.6/x x100 = 6% 12.6/x = 0.06 12.6 = 0.06 x (divide by 0.06) = 210 millionmarket size growth = new - old/old 210 (new) - 125 (old)/ 125 (old) x100 = 68%
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Jasmine D.
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Business Studies tutor
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To what extent is appointing a new leader likely to be a good way to improve business performance? Justify with reference to leaders (20 marks)
Leadership is a relationship through which one person influences the behaviour or actions of other people. Leadership can be demonstrated as 'command' where leaders take direct control, 'vision' leaders set ...
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Jasmine D.
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Business Studies tutor
3171 Views
Why do I keep losing marks on 6 markers?
My best tips for you are: 1.) make sure you have 6 DIFFERENT points; a good way to keep each point clear is to write in bullet points instead of paragraphs (you can always write more than 6 if you think they...
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Physics tutor
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The curve C has equation y = 3x^4 – 8x^3 – 3 (a) Find (i) dy/dx (ii) d^2y/dx^2 (3 marks) (b) Verify that C has a stationary point when x = 2 (2marks) (c) Determine the nature of this stationary point, giving a reason for your answer. (2)
(a) (i) differentiate C using standard technique: dy/dx = 12x^3 - 24x^2 (ii) to find the second differential differentiate the first derivative (dy/dx): d^2y/dx^2 = 36x^2 - 48x(b) In order to determine if C ...
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Dilan P.
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Maths tutor
5865 Views
I'm really bad at non-calculator questions - how can I get better at calculations?
Practice is the best way - that being said there are some tricks you can use.It's often easier to change the way you represent a number. For example, consider 99 x 8799 is very close to 100, which is a much ...
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Answered by
John S.
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Maths tutor
4570 Views
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