O'Level  &

Pressure groups are non-profit organizations that aims to influence society and businesses to be socially and environmentally...

The government uses policy instruments to achieve government's economic objectives. Government policy instruments are; Government...

There are four (4) government economic objectives The government aims to achieve; A low inflation rate Low unemployment rate Economic...

Cash-flow problems can be solved with proper cash-flow forecast

Cash is needed to pay business expenses. Cash flow describes how a business receives cash (cash inflow) and spends it (cash outflow).

Cash flow is necessary for a business to operate at all times

They are practices that ensures the quality of product. Quality Control Quality control removes defective output at the end of the...

Nature of product, size of market, demand needs, productive capacity

Productivity is the measurement of the amount of output a unit of input could produce. They are measured using the following formulas...

Economies of scale happens when a business grow large enough to enable them to lower average cost, while diseconomies of scale happens...

Technology can change production methods, improve productivity, quality and efficiency.

Kaizen and Just-in-time

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A trade union could help employees in many ways.

There are four (4) production methods Flow production Batch production Job production Flow Production Flow production involves a...

There are above-the-line and below-the-line promotions Above-the-line Promotion Above-the-line promotion uses newspapers, radio,...

For cost-based, competitive and demand-based method The different pricing strategies; Cost-based pricing Competitive pricing Destruction...

The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...

Extension strategies help prolong the sales and profit of matured products They include; New versions of existing products, with...

Product Life Cycle is the process a product would undergo during their existence in the market. It starts with; Launch Growth Maturity...