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Diversification is the name given to the growth strategy where a business markets new products in new markets. It is a risky strategy because the business is moving into a new area of a market in which it...
Most people assume that SWOT and PEST are completely different things. In reality, SWOT and PEST are used together in strategic analysis.
SWOT stands for Strenghts, Weaknesses, Opportunit...
When you first see the marks allocated to a question, it may put some fear in you. However, there is no cause for concern. Paying attention to the command words in a question (such as DISCUSS, EXPLAIN)...
In answering this question, a few things must be taken into consideration. FIrstly, the question clearly asks for the advantages of being a sole trader. This means that any time wasted in explaining a ...
Breakeven is the output a company needs to meet to make their revenue equal costs. It's worked out using the formula Fixed costs divided by selling price minus variable costs.
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