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Business Studies

GCSE

Identify 2 risks Jim undertook when starting his own business

- Leaving his well paid job- Using his own money as start up capital

Answered by Alex R. • Business Studies tutor

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Raya wants to start a card business, however she does not have enough capital. Identify a way in which she can raise capital. What are the Advantages and Disadvantages of this method?

One option to raise capital for Raya's Card Business is through taking out a loan. This can either be from friends and family or the bank. It is my Opinion that taking out a loan from the bank is more via...

Answered by Raya R. • Business Studies tutor

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Explain the Marketing Mix

The Marketing Mix is a set of marketing tools utilised by businesses to fully comprehend what their products or services can bring to the market, whilst also enabling them to develop a successful strategy...

Answered by Migle A. • Business Studies tutor

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Give one example of secondary research and explain 2 of its disadvantages.

Market research involves gathering data about customers, competitors and market trends.

Primary - New research/data

Secondary - Already a...

Answered by Kate B. • Business Studies tutor

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What is a stakeholder?

A stakeholder is party that has an interest in a company, or is affected by the business. The primary stakeholders of a company usually are investors, shareholders and the consumers. For example, a consum...

Answered by Scott J. • Business Studies tutor

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