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IGBizStudies
- Jul 9, 2021
- 1 min
Do you think changes in legal controls over employment issues will always reduce business profits?
May/June 2020 Version 12 - 4(e)
370
IGBizStudies
- Jun 21, 2021
- 1 min
Define Profit
May/June 2020 Version 2 Notes Revenue, cost and profit in income statement Check out example answer HERE
120
IGBizStudies
- May 27, 2021
- 1 min
What are profitability ratios
There are three (3) profitability or performance ratios. Gross profit margin, profit margin and return on capital employed.
980
IGBizStudies
- May 27, 2021
- 2 min
Revenue, cost and profit in income statement
How to calculate and use information on revenue, cost and profits in income statements 1. Revenue - Total sales 2. Cost of sale - Total...
910
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...
400
IGBizStudies
- May 5, 2021
- 1 min
What are extension strategies
Extension strategies help prolong the sales and profit of matured products They include; New versions of existing products, with...
360
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...
400
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...
620
IGBizStudies
- May 1, 2021
- 2 min
Why do businesses fail?
Poor entrepreneurial skills, lack of planning and research, failure to obtain financing, wrong location for the business
750
IGBizStudies
- Apr 28, 2021
- 2 min
What are business objectives?
The key business objectives are profit, market share, growth and survival
1200
IGBizStudies
- Apr 27, 2021
- 2 min
What is opportunity cost
Opportunity cost happens when we forgo an alternative activity or use of resources to produce goods and services. The benefits from...
640
IGBizStudies
- Jan 15, 2021
- 2 min
What is break-even analysis?
How does breakeven analysis help firms make business decisions?
1110