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Business Studies 0450/21 Oct Nov 2024

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Psat Paper Lesson
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Laura Bellini

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1. Business Growth & Small Enterprises | Reasons for Remaining Small – Analyzing factors such as market niche, limited capital, personal control, and flexibility. 2. Product Packaging & Marketing Strategy | Importance of Branding and Protection – Evaluating the role of packaging in protecting products, enhancing brand image, and providing consumer information. 3. Management Functions & Business Efficiency | Leadership & Operational Roles – Understanding managerial responsibilities like planning, decision-making, and employee motivation. 4. Macroeconomic Factors & Business Performance | Interest Rates vs. Taxation Impact – Comparing the effects of lower interest rates and higher taxes on company profitability. 5. Production Methods & Efficiency | Benefits & Limitations of Batch Production – Assessing cost-effectiveness, customization flexibility, production delays, and inventory management. 6. Investment Decisions & Profitability | Choosing the Best Product Line – Comparing two business options using financial analysis and profitability forecasts. 7. Business Finance & Capital Needs | Reasons for Seeking Additional Funds – Evaluating funding needs for expansion, equipment upgrades, and operational stability. 8. Pricing Strategies & Market Competition | Cost-Plus, Promotional, and Competitive Pricing – Justifying the best pricing method based on market conditions and consumer demand.
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