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A franchise is an existing business that grants permission to another individual to sell the products and operate under the name of the existing business. Possible benefits to becoming a franchisee could ...

Diseconomies of scale occurs when the average cost of a product begins rising as a business expands. This may occur due to problems communicating: as a business expands it's chain of command increases whi...

Added value is the difference between the costs of purchasing raw materials and the price the finished goods are sold at. Value is added to a good at each stage of production from raw material to the fini...

In order to answer this question, it is worth laying out the different methods of financing a business. These can be short term (overdraft, trade credit, factoring) or long term (share capital, loans from...

These two words are often misused. Advertising describes billboards, television adverts and other methods a business uses to promote their product or service. Advertising is part of the Marketing proce...