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Business Studies
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What is fiscal policy?

Fiscal policy is the means by which the government modifies its spending and tax rates as a means to influence the economy

Answered by Elliott S. Business Studies tutor
2405 Views

What are two main methods of business analysis

PESTLE method, and SWOT method - to be explained further

Answered by Elliott S. Business Studies tutor
2466 Views

What is PED - price elasticity of demand?

PED measures the responsivness of demand after a fluctuation in price

Answered by Elliott S. Business Studies tutor
3349 Views

What is the marketing mix?

The marketing mix, commonly associated with the 4Ps, describes the various factors that firms consider when marketing a product. These marketing mix is based upon the firm’s knowledge of its customers ...

Answered by Robert P. Business Studies tutor
3377 Views

What are the benefits of innovation within a business?

Definition

Innovation is the successful exploitation of new ideas. This is predominantly achieved through research and development (R&D). R&D is the necessary inves...

Answered by Jake H. Business Studies tutor
41150 Views

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