Tag: business studies
-
Advantages and Disadvantages of Job production
Advantages The customer’s demands are fulfilled The employee feels motivated after making the product Disadvantages The product is expensive
-
Difference between production and productivity
Production is number of goods made Productivity is the number of goods produced divided by employees Eg. Business A produced 40 chairs with 5 employees Production: 40 chairs Productivity: 40chairs/5 employees= 8
-
GCSE/IGCSE accounting revision notes section 1
What is accounting Accounting is the art of recording, classifying and presenting data in a manner that it may be used by other people. Accounting comes after book keeping What is book-keeping Book keeping only refers to the keeping of records in the appropriate books. Book keeping comes before accounting Purpose of measuring…
-
Commerce
Commerce Definition All those activities which are conducted to deliver the goods and services from producer to consumer It may be described as trade and aids to trade. Process of exchange of goods
-
Studying Economics
Studying Economics Hey, I am going to share my experiences studying GCSE economics. At first it seemed really difficult, however as time passed things got easier with GCSE economics. I am going to give you some tips for studying Economics GCSE. Know the terms If you have taken economics as a subject you would know…
-
Positive impacts of Technology
Impact of technological change on Costs The average cost will lower, thus achieving economies of scale whereas the initial cost of the technological change will be huge Labour requirements Less labour is required after technological change, or the labour is required to do training programs Methods of production Methods of production will change…
-
Why are objectives important?
Need and importance of objectives in business Give direction and meaning to the business Measure the success of business Motivate the workforce To formulate strategies in order achieve aims
-
Feature of Capitalist economy
Key features of own economy Key points to be mentioned: Pollution and global warming Sustainable development Impact on business upon depletion of natural resources Structure and importance of different sectors Illustrate the changes
-
Growth Problems
Problems connected with growth Administrative problems More capital needed Loss of control Slow decision making
-
Why business wants to grow?
Why businesses want to grow Growth Higher profits Economies of scale Respect in the business community Fulfill shareholders desires