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Business 4BS1/01R May June 2022

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1. Business Finance and Profitability: Financial calculations (gross profit margin, markup, break-even point), impact of exchange rates, and benefits of cost control. 2. Market Research and Business Growth: Primary vs. secondary market research, customer trends, importance of adapting to market changes, and competitive pricing. 3. Human Resource Management and Operations: Employee motivation techniques, recruitment strategies (temporary vs. permanent contracts), training methods, and job production. 4. Marketing and Customer Engagement: Promotional strategies, importance of customer reviews on social media, pricing decisions, and customer retention techniques. 5. Operational Strategies and Business Expansion: Break-even analysis, impact of economies and diseconomies of scale, advantages of venture capital, and strategic investment decisions. 6. Decision Making and Strategic Planning: Justification of financial and operational options, evaluation of advertising effectiveness, and importance of business response to market competition.
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