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Business Studies 7115/21 Oct Nov 2024

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Psat Paper Lesson
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Laura Bellini

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1. Business Size and Growth – Reasons why a business might remain small and the impact of interest rates and taxes on profitability. 2. Product Packaging and Branding – Evaluating packaging roles in product protection, brand promotion, and information display. 3. Management Functions and Finance – Key managerial roles and reasons for business financing needs. 4. Production Methods and Decision-Making – Advantages and disadvantages of batch production and selecting the best production option. 5. Pricing Strategies – Comparing cost-plus, promotional, and competitive pricing methods for maximizing profitability. 6. Economic and Market Factors – How external economic changes influence business operations and financial decisions.
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