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Business Studies
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What is Ansoff's Matrix? Name and explain the 4 aspects.

Ansoff's matrix is a model used when deciding a business' growth strategy. The four aspects are market penetration, market development, product development, and diversification. Each aspect outlines a dif...

Answered by Rebecca L. Business Studies tutor
3970 Views

Discuss the view that the best way to achieve greater equity in the distribution of income in a country is to use a progressive tax system

Equity in the distribution of income is one of the four government macroeconomics objectives. It’s the concept that every income groups in a nation have less different and similar income. Progressive tax ...

Answered by Dylan J. Business Studies tutor
3032 Views

Explain why a business would choose a price skimming strategy? (6)

Price skimming is when a business charges a high price when the product is initially launched and lowers the price over time, a business with a strong brand such as Apple is able to do this, thus profit i...

Answered by Piers B. Business Studies tutor
3530 Views

Analyse how delayering might affect the level of profit a business generates.

Delayering is the removal of layers in a business' hierarchy. This can lead to wider span of control for managers which can boost their motivation levels, if they are motivated by level of responsibility ...

Answered by Micah L. Business Studies tutor
3042 Views

Company A decides to lower prices in order to try and shift surplus stocks. How would this be shown on a demand curve?

There will be a shift of the demand curve to the right

Answered by Andreas E. Business Studies tutor
1272 Views

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