BUSINESS STUDIES

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business test dirt
joe sosin
Mind Map by joe sosin, updated more than 1 year ago
joe sosin
Created by joe sosin over 7 years ago
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Resource summary

BUSINESS STUDIES
  1. location
    1. "The three most important things in retailing are – location, location and location".
      1. supply factors
        1. Labour costs
          1. Land costs
            1. Energy costs
              1. Transport costs
                1. Community factors
                2. Demand factors
                  1. Customer convenience
                    1. Labour skills
                      1. Site suitability
                        1. Image
                          1. Expansion potential
                        2. 6 mark layout
                          1. 1.define the key words in the question eg: profitabilty is....
                            1. 2.use the case study given to help answer the question
                              1. 3. if there's any numbers involved, talk about those
                                1. 4. evaluate means to discuss the advantages/pros and disadvantages/cons - so do at least 2 of each
                                  1. 5. write a conclusion based on your answer, eg. "therefore i believe that *company name* should expand their business..."
                                    1. tips
                                      1. always pick out three points you feel that you are comfortable to explain and will remain in your comfort zone rather than tryng to explain points which are quite hard for you and make its impossible for you to go indepth.
                                        1. explain your point and its advantages. but also write disadvantages about it by saying however.(this will show the examiner that you are thinking outside the box and also have clear understanding of the actions taken by the business.
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