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Business Studies
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Describe the features of the Launch stage of the product life cycle (2)

During the launch stage costs a product is introduced to a market. The costs are likely to be high due to advertising efforts. There is high potential for growth in this stage, it is likely to be too earl...

Answered by Emily S. Business Studies tutor
1440 Views

Explain how a business can use outsourcing. (2 marks)

To gain the two marks for this question you would first need to show knowledge, therefore give a brief definition of the term “outsourcing,” followed by one way a business can use outsourcing. An example ...

Answered by Lucy S. Business Studies tutor
1816 Views

Explain one disadvantage of a sole trader having unlimited liability

Unlimited liability is when the business and it's owner are viewed as the same legal entity, and therefore any debts that the business runs itself into must be paid for and dealt with by the business owne...

Answered by Gemma A. Business Studies tutor
7767 Views

What is meant by the term break-even point?

A break-even point is where the level of output where total revenue equals total cost. This means that there is neither a profit or a loss.

Answered by Joseph C. Business Studies tutor
1218 Views

Exaplain one advantage and one disadvanatge of an organisation beocming multinational

An example of an advantage of an organisation becoming a multinational is that they can benefit from an increased number of potential customers and therefore multinationals can have more customers, leadi...

Answered by Christina P. Business Studies tutor
1012 Views

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