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Business Studies
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Provide one reason why a business may decide to create a sales forecast.

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...

Answered by Asha A. Business Studies tutor
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What is meant by horizontal and vertical integration and how can they profit a firm?

Firms may grow through integration - vertically or horizontally. Both strategies ultimately increase a firm's competitive position. Vertical integration refers to the supply chain and how...

Answered by Megan P. Business Studies tutor
3321 Views

How should a business market a product that has price-inelastic demand and a high income elasticity of demand? (9 marks)

Price-inelastic demand refers to products which demands don’t change as the price of the product changes. This usually means that the product is either a necessity and there aren’t many alternatives or it...

Answered by Natasha B. Business Studies tutor
5092 Views

Explain two investment appraisal techniques Johnson Boxes could use to assess the profitability of buying the new machinery from Cook Technology.

Investment appraisal is an evaluation of the attractiveness of an investment proposal and can be done via several methods. To measure the profitability of buying the new machinery from Cook Technology...

Answered by Pepijn D. Business Studies tutor
1239 Views

In what way does the seasonality affect operations of a busness?

The task of trying to maintain profitability throughout all periods of the year is a challenge for many businesses, particularly those who operate season businesses. Yet, the extend to which seasonality w...

Answered by Tutor123592 D. Business Studies tutor
1501 Views

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