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Business Studies

GCSE

What is one advantage and one disadvantage of being a sole trader?

Advantages: The business is cheaply and easily formed as there is no long legal process. Owner gets to keep all the profits. Owner gets to make all the decisions.* Close links with both employees and cust...

Answered by Conor S. • Business Studies tutor

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The Marketing Mix is a useful tool made up of four elements called the four P's. Define the four P's with examples.

The four P's of the marketing mix are;Promotion - how the business provides information to customers about its product This may include advertising, social media campaigns, bra...

Answered by Rebecca J. • Business Studies tutor

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1) What does the overall marketing mix create? b) Explain USP in the context of marketing.

GCSE Business studies. Marketing mix and strategy.1) A company needs to consider the marketing mix in order to meet their consumers' needs effectively.The overall marketing mix creates a unique selling po...

Answered by David A. • Business Studies tutor

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Discuss two different stakeholders that may resist change in business

Chains of analysis are essential with business questions - Point --> this means that --> as a result --> howeverStakeholders that could be discussed are employees, shareholders, owners, customers...

Answered by Harry R. • Business Studies tutor

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Could you explain to me the advantages and disadvantages of crowd funding to a business as a long term source of finance

Crowd Funding is when a business uses an online platform in order to raise money from several small investments in exchange for small rewards like a T-shirt or a share in the business. Some advantages of ...

Answered by Joshua R. • Business Studies tutor

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