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Business Studies
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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
40201 Views

Evaluate the use of marketing plans for businesses:

Advantages of a Marketing Plan:-Having a marketing plan forces a business to think about how it will act in the future; this means they will be proactive and not just reactive (where they...

Answered by Peter C. Business Studies tutor
2651 Views

How does quantitative sales forecasting compare to qualitative sales forecasting?

Advantages of quantitative forecasting:-Numerical so easy to interpret and easy to analyse for example graphs can be made.-Data can be objectively interpreted and bias is often not an iss...

Answered by Peter C. Business Studies tutor
28148 Views

What is a benefit of market segmentation?

Market segmentation is when the market is broken down into categories with customers who hae similar characteristics such as age, tastes or location.A benefit of this is that the business...

Answered by Tia L. Business Studies tutor
3952 Views

Describe one way that labour turnover can be reduced

Labour turnover is the amount of employees leaving the business in a given period, often expressed as a percentage: number of employees leaving/total employees x 100.Reducing this figure ...

Answered by Tia L. Business Studies tutor
2430 Views

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