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Business Studies
GCSE

What are the 4Ps in Marketing?

The 4Ps is a model to help businesses with their marketing to make sure it is meeting the customers needs. It's also called the marketing mix. The first P is price, so within this is the different pricing...

Answered by Rosie F. Business Studies tutor
1826 Views

Explain the importance of a Unique Selling Point (USP) to a business

Define USP- A feature or characteristic of a product that differentiates it from other similar products. It gives a business a competitive advantage and it distinguishes the brand over others. Allows busi...

Answered by Jaimini P. Business Studies tutor
1872 Views

What is a stakeholder? Identify two stakeholders and there role in a business.

A stakeholder is someone who has an interest in a specific business and is affected by a businesses actions. One type of stakeholder is a shareholder - a shareholder is an individual or institution that l...

Answered by Harry F. Business Studies tutor
1914 Views

Explain what cash flow is and highlight how it is different from profit.


Cashflow is the movement of money in and out of the business. Cash inflows mostly comes from the money that the business earns from selling goods or services. Cash outflows are all its payments, whi...

Answered by Business Studies tutor
1669 Views

Discuss the advantages and disadvantages of having a strong brand image

One benefit of having a strong brand image is that the company can gain a competitive advantage within the market. This can allow them to gain and maintain a high market share as their business is seen as...

Answered by Charlotte R. Business Studies tutor
11683 Views

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