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Exam (elaborations)

Business Studies AS Level: Chap. - 15: Revision Questions with Correct Answers 2024.
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January 2024

2023/2024
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State THREE ways in which a sports-shoe retailer could use market research. - Correct Answers 1. To reduce the risks associated with new product launches. 2. To predict future demand changes. 3. To explain patterns in sales of existing products & market trends. Distinguish between primary and secondary market research data. - Correct Answers 1. Primary market research data: The collection of first-hand data that is directly related to a firm's needs. 2. Secondary market research da...
mururiahjackline
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Exam (elaborations)

Business Studies AS Level: Chap. - 4: Revision Questions | Questions with 100% Correct Answers | Verified | Updated 2023
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February 2023

2022/2023

A+
What is the purpose of a mission statement? - A mission statement should be a brief description of a company's principals. The mission statement explains the reason why the company exsists & it's purpose both for those in the organisation & the public. What are often considered to be the practical limitations of mission statements? - The mission statement which is too informal and general, so that they end up specific about the business & it's future plans. Based on public regulation pra...
Tulloch
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