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eBook Business Studies (GCSE Bitesize Revision) ePub

eBook Business Studies (GCSE Bitesize Revision) ePub
Language: English
ISBN: 0563464135
ISBN13: 978-0563464136
Publisher: BBC Educational Publishing (May 1, 1999)
Pages: 96
Category: Education & Reference
Subcategory: Children
Rating: 4.9
Votes: 236
Formats: rtf lrf azw mobi
ePub file: 1266 kb
Fb2 file: 1634 kb

What is a business? The economy is divided into different business sectors and the businesses within them exist to provide goods or services.

What is a business? The economy is divided into different business sectors and the businesses within them exist to provide goods or services.

A business keeps various types of financial records to monitor its performance and ensure that taxes are paid.

An entrepreneur needs to be able to turn an idea into a successful business.

They're big enough to be price setters. Large firms also often enjoy economies of scale.

Business expansion has potential benefits and drawbacks. Some owners are reluctant to take the risk of growing the business and opt to stay small. They're big enough to be price setters. For example, if a large firm can produce a given type of sunglasses for £20 while it costs its smaller rival an average of £30, then the larger firm has a £10 per unit cost advantage.

Companies can motivate employees to do a better job with incentives such as increased pay or improved working conditions.

GCSE Business Studies AQA Unit 2 revision notes. 5. Teacher recommended. GCSE Business Studies Revision Notes. Cash Flow (Business Studies Revision GCSE). Sources of Finance (Business Studies Revision GCSE).

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