So is Q15 C or D, it says behavioural segmentation is relationship with product eg benefit sought, which could be firness-concious workers, whilst it could also be based on characteristics and features of population such as income and education for office workers...!
WHen they said using examples, did you use specific businesses, or is it okay to give example of ethically responsible behaviour that benefits all businesses. eg environmental sustainability
Strategies to increase gross profit? Cost centres? because expenses only improves net profit, fixed costs can't be reduced (eg rent is there no matter what)
Re: production or sellign approach?
According to wikipedia sales approach is about 'selling an already existing product', so since it was a new product, which was the main focus of the business, it could be product.
production or sellign approach?
q6: a business develops a shirt made from fabric which never stains or looks crushed. It then runs an advertising campaign to inform people about this product?
In textbook product approach - focus on goods and services.
Sales approach - focos on sellign due...
Post up some hard mc's, business studies always has hard ones...
What are your tips if there are obscure one's? I hate the one's with 'which stage of the marketing process is this business in' with choices of market research, identifying target market and establishing objectives. It'sso hard...
1B, 2C - your school was wrong, notes to financial statement is a limitation because it is hard to see the true financial position based on balance sheets and revenue statements, and thus you need notes to the financial statement which can be countless of pages. 3B, 4D - you can't discriminate...
Is privatisation and corporatisation product or factor markets?
Factor is just deregulation (finance, labour) and are like deregulation of telecommunications factor?
Product - protection, tax policies, National Competition Policy?
No , theoretically, if this was a multi-choice question, and say real gdp growth was 3% year 1, and then year 2 2.5%, is that a downturn? and would that mean an increase in cyclical u/e? or is a downturn -2%???
If growth in year 1 is 2%, and then growth in year 2 is 1%, will this increase cyclical unemployment? I know that 1% still implies an increase in real GDP, but growth is slowing down, so is it considered a downturn???
DO you guys have a preference for essays you will choose, like eg:macro policy mix vs case studylabour vs globalisation etc?Put your ordered list here haha... I will find it hard to choose out of the 4 questions, how will you guys make up your mind? Statistics that are relevant? Theory?
I know it will most likely be an essay question, but what short answers could they ask - besides the past papers one...Do you think they would ask environment? inequality? Or something like that for a 3 marker, or would that be too hard? I have a feeling it will be a hard short-answer..