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Business Studies
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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...

Will N. avatar
Answered by Will N. Business Studies tutor
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How should I structure my Business Studies exam answers? Could I get an example please?

Example Question: Evaluate the importance of a SWOT analysis for Apple (8 marks)Recommended structure:-Define: A SWOT analysis is carried out by the business to identify internal Strengths a...

Answered by Will N. Business Studies tutor
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Using an example, describe how a business can use Corporate Social Responsibility to their advantage.

GSK is a PLC, so one of its main goals is to satisfy its shareholders and investors by paying them dividends each year, which come from their profits. The more profit made, the more each shareholder gets....

Answered by Charles G. 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
2613 Views

Assess the consequences to a business, such as Spirit Airlines, of only selling its tickets online.

One consequence of Spirit Airlines of only selling tickets online is the restricted customer reach. This is because not all potential customers are comfortable or able to use the internet for booking, som...

Answered by Hoi Kit C. Business Studies tutor
12762 Views

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