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Discuss the implications of increased output on EOS and DOS within a firm.

As output increases it is a general rule that cost decreases, but why is this? Let's look at the principle of EOS and how they reduce costs. Starting with Technical EOS, here you have one fixed cost for t...

Answered by Howard C. Business Studies tutor
1563 Views

How can a company benefit from economies of scale?

Economies of scale is the concept that as a company increases its output, cost per unit will decrease as fixed costs are spread over a larger number of units. This is known as internal economies of scale ...

Answered by Frances L. Business Studies tutor
28223 Views

Explain the limitations of the balance sheet as a financial statement

The balance sheet is a financial statement that demonstrates the asset and capital structure of a company. Though it is a key statement in evaluating the financial position of a firm, it has its limitatio...

Answered by Nandini G. Business Studies tutor
6835 Views

What is the difference between a private limited company and a public limited company?

A private limited company, or LTD, is a company which does not offer stock to the public, and thus its shareholders are normally family, friends and employees. There is no need for an LTD to disclose any ...

Answered by Will W. Business Studies tutor
8284 Views

Describe two potential pricing strategies that a firm may adopt when entering a new market (4)

When entering a new market, firms may adopt penetration pricing to encourage sales. This is when the price of a product is low when it enters a market, and is increased as it saturates the market. This is...

Answered by Tanya K. Business Studies tutor
2342 Views

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