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By adopting a capital intensive workforce, the business will ensure consistency as machinery will have less defects than humans. As a result, it will mean that the business will make products with a consi...
Since advertisement requires large sums of investment, businesses must make sure they 'get it right' from the beginning. The choice of media is an important decision, so businesses should consider the fol...
A common problem faced by businesses is with regards to employee motivation. Unmotivated employees can have consequences on a business, such as decreased efficiency and therefore productivity. This can in...
One reason a business may decide to create a sales forecast is the fact that it can help a bank decide whether it should lend money to a business. Many banks and lenders like to see evidence or at least a...
A variable cost is a cost to a business or individual which changes with respect to the amount of output whilst a fixed cost is one that will remain constant, irrespective of the amount of output by the i...
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