a group of countries that trade freely between themselves
Explain one reason why a business might increase its product range
it may attract more customers. This is because it meets different specific customer needs.therefore,the business will be able to make more sales.
explain one advantage to a business of using just-in-time control system
The business can hold less stock . Therefore,the business doesn't have to incur the cost of warehousing stock.as a result,it will have better net-cash flow
documents sent to a person when applying for a job
-application form
-CV
stages in the sales process
-customer engagement
-product knowledge
Explain one method a business could use to improve the quality of its product
The business could use quality assurance. Therefore, every single worker has a responsibility to ensure that the product is made correctly. As a result,it is less likely that faults products will leave the production line.
Explain one disadvantage to a business of having a flat organisational structure.
Employees may not have any self-discipline. Therefore,they may exploit the lack of supervision.as a result the productivity falls
An element of the marketing mix that relates to the distribution of a product to the consumer
-Place
Explain one reason a business may use sponsorship to promote a product
it gives the product a greater level of awareness. Therefore, customers may be more tempted to try the product. As a result, there would be an increase in sales.
Explainpr one disadvantage to a business of using remote working
-Purchasing computer equipment and broadband access may be expensive.Therefore, the businesses'costs may increase.This may then lead to a fall in profit.
Discuss the benefits to a business from reducing its environmental impact
It may reduce pressure group activity.
Therefore, the business will avoid negative media coverage. This may enhance the brand of the business.
AND
It may add value to the business since the business can now charge a higher price for its products.
As a result, net profit margins may rise if the extra price charged exceed the additional costs of improving their environmental responsibility.