versus

Description

business
ronnie north
Flashcards by ronnie north, updated more than 1 year ago
ronnie north
Created by ronnie north over 6 years ago
1
0

Resource summary

Question Answer
profits versus higher wages the employees would want higher wages which means less profit for the business. this is a tough decision for any business
expansion versus development businesses can either expand, for example a shop owner expanding an owning two shops. or develop what they already have,for example a shop owner deciding to build his shop bigger rather than expanding.
production versus pollution businesses can just care about production and not wot worry how it is affecting the environment, for example chemical industry damages the environment. however a company that cares about the environment could be electric cars as they let of no pollution
supplier benefits versus consumer prices/lower costs you have to get a right balance of keeping the supplier happy and customers for example a company like Morrison's has to find a balance of keeping its milk suppliers happy with their wages and the customers happy of the milk prices.
Show full summary Hide full summary

Similar

BUSS1
Sophie Davis
The skills needed to be a successful entrepreneur
Rosie Wallis
How to Turn Business Failure into Business Success
Micheal Heffernan
Business Studies - AQA - GCSE - Business Studies Key Terms
Josh Anderson
Entrepreneur Skills
Alex Harvey
1 The Strategic Management Process
Luzelda Maré
4 Internal Environmental Analysis
Luzelda Maré
Business Studies Unit 1
emily.mckechnie
Unit 3 Business Studies
Lauren Thrower
3.1 Keywords - Marketing
Mr_Lambert_Hungerhil
Unit 1: Business Studies GCSE
Libby Rose