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  • Business Studies Factsheet: 07. Working Capital - Why it is Important

    Business Studies Factsheet: 07. Working Capital - Why it is Important

    Cash flow is the life-blood of the business - without cash, no matter how  profitable it is, it cannot continue. Cash is needed to pay suppliers (Trade  Creditors) and expenses. It is impo...

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  • Business Studies Factsheet: 08. Comparing Niche and Mass Markets

    Business Studies Factsheet: 08. Comparing Niche and Mass Markets

    Throughout all areas of change in business the mobility between mass and niche markets has been a characteristic of the last 50 years. Long gone are the days when most markets remained small and some ...

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  • Business Studies Factsheet: 09. Ethics - A Practical Approach for Business

    Business Studies Factsheet: 09. Ethics - A Practical Approach for Business

    The problem with definitions of ethics in textbooks is that they are vague  and based more on belief than what actually happens. Ethics are not a new  phenomenon. It is the recognition of ...

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  • Business Studies Factsheet: 10. Market Research - Sampling

    Business Studies Factsheet: 10. Market Research - Sampling

    Businesses have to take risks in order to retain competitive advantage, to  increase added value and hence profit. As the market becomes larger and  the consumer increasingly more sophisti...

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  • Business Studies Factsheet: 11. Impact of Inflation and Interest rates - Case sudies

    Business Studies Factsheet: 11. Impact of Inflation and Interest rates - Case sudies

    To fully appreciate the impact of inflation and interest rates we need to  consider the business cycle. Over the past 25 years the aggregate demand  for goods and services has grown at rou...

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  • Business Studies Factsheet: 12. Price Elasticity of Demand made simple

    Business Studies Factsheet: 12. Price Elasticity of Demand made simple

    Price is a very important part of any business’ marketing plan.  Decisions to change the price of any product are not taken lightly.  One concept that needs to be considered is the pri...

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  • Business Studies Factsheet: 13. “Just in Time” Stock Control in the fast food industry

    Business Studies Factsheet: 13. “Just in Time” Stock Control in the fast food industry

    Stock control is a very important task in business.  Businesses need to  balance the cost of holding stock against the risk of running out.  Stock is  a current asset on a firm&r...

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  • Business Studies Factsheet: 14. The Costs And Benefits Of Education And Training

    Business Studies Factsheet: 14. The Costs And Benefits Of Education And Training

    Education and training can be reguarded as investment in human capital.  Each individual has some knowledge and skills which, along with other  characteristics such as their motivation, wi...

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  • Business Studies Factsheet: 15. Time Series Analysis and Extrapolation

    Business Studies Factsheet: 15. Time Series Analysis and Extrapolation

    A key function in any organisation is planning for future activities. For  example, a toy company needs to know the likely demand for its products  during the run-up to Christmas. This is ...

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  • Business Studies Factsheet: 16. Healthy Eating Trends: McDonald’s Response

    Business Studies Factsheet: 16. Healthy Eating Trends: McDonald's Response

    Consumers are becoming more aware of the need to eat more  healthily.  This includes low fat foods, organically produced foods,  “low mileage” and locally produced foodstu...

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