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Business Studies

GCSE

Identify and Explain two reasons why company X might want to enter new markets.

Reason 1 - Company X may want to enter new markets as it could generate more profits for the business.Explanation 1 - Entering new markets provides many benefits to multinational corporations, it allows t...

Answered by Francis H. • Business Studies tutor

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What's the difference between fixed and variable costs?

Fixed are costs that do not change with the level of output. For example, heating bills would be a fixed cost. Whether we make 100 computers or 300 computers, our fixed costs do not change. Variable costs...

Answered by Will N. • Business Studies tutor

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Explain a benefit of using a) part-time staff in a business and b) full-time staff (3 marks each).

Part-time staff are useful to business as they are contracted for less than 40 hours a week and are therefore usually more flexible than full time staff. This means that their hours can be adjusted more ...

Answered by Zoe A. • Business Studies tutor

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Describe what is meant by a stakeholder and the two types?

A stakeholder is an individual/group of people who are directly interested within a business. One type of stakeholder is an internal stakeholder. These are individuals/group within the business such as em...

Answered by Jonah D. • Business Studies tutor

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List one internal and external stakeholder and explain why they have an influence on a business.

Internal - Managers : managers have the responsibility of ensuring the smooth running of their department and therefore making sure that all employees are working towards both their departments and the ov...

Answered by Cara B. • Business Studies tutor

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