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IGBizStudies
- Jun 14, 2021
- 1 min
Do you think REW should start selling its products in other countries? Justify your answer
May/June 2019 Version 12 - 3(e)
40
IGBizStudies
- May 5, 2021
- 2 min
What influences pricing decisions
The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...
130
IGBizStudies
- May 5, 2021
- 2 min
What is Product Life Cycle and its importance
Product Life Cycle is the process a product would undergo during their existence in the market. It starts with; Launch Growth Maturity...
90
IGBizStudies
- May 5, 2021
- 1 min
What is branding and why it is important
A brand gives an identity to a company that is distinct from other companies selling a similar product or service. A good brand can...
120
IGBizStudies
- May 4, 2021
- 1 min
Why and How do businesses compete
Competition drive business growth and can benefit consumers. They can also; Increase customer base and loyalty Increase revenue and sales...
230
IGBizStudies
- May 4, 2021
- 2 min
What happens when market changes
It will change market trend and create new opportunities for business as spending patterns of consumer changes. Market trend changes all...
130
IGBizStudies
- May 4, 2021
- 1 min
What are the problems when growing your market abroad?
The risk of failing due to language barriers, cultural differences, legal and foreign exchange risk
150
IGBizStudies
- Apr 29, 2021
- 2 min
How to measure the size of a business?
Size of capital employed, market share, revenue/output volume, number of employees
240
IGBizStudies
- Apr 28, 2021
- 2 min
What are business objectives?
The key business objectives are profit, market share, growth and survival
430