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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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  • Business Studies Factsheet: 17. Social Auditing - The Way Forward For 21st Century Business

    Business Studies Factsheet: 17. Social Auditing - The Way Forward For 21st Century Business

    Everyone is aware that large businesses have to be audited  financially in order to ensure that the accounts represent a true and  fair state of the business. ...

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  • Business Studies Factsheet: 18. Business Objectives

    Business Studies Factsheet: 18. Business Objectives

    Businesses have a variety of objectives, things they want to achieve.  These objectives can be seen in terms of a hierarchy.  Businesses  tend to have broad aims from which they set d...

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  • Business Studies Factsheet: 19. How to Calculate Depreciation

    Business Studies Factsheet: 19. How to Calculate Depreciation

    Expenditure, which covers more than one accounting period, is  known as capital expenditure. Expenditure on fixed assets,  (such as plant and machinery, motor vehicles and furniture), is&n...

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