Tag: problems
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What is International trade?
International trade International trade is the import and export of products with other countries Opportunities for businesses because of international trade The businessmen can sell their products to a larger number of people Imported raw materials available Provide greater variety thus increasing sales Problems for businesses because of international trade Duplication of products…
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Growth Problems
Problems connected with growth Administrative problems More capital needed Loss of control Slow decision making
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Problems with methods
Problems associated with each method Number of employees A capital intensive firm will employ less employees, but achieve high output and sales because the work will be done by the machines Capital employed A labor intensive firm might not invest in machinery and employ more employees but still achieve high output and sales…
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Methods of measuring size
Different methods of measuring size of business units Number of employees Capital employed Profit Value of output and sales