A business adds value when the selling price of an item produced is higher than the cost of all the resources used to make it. Think of a pair of designer sunglasses which sell for 100. Think of a pair of designer sunglasses which sell for 100. Business Studies. Video. A Bitesize guide to business structure. Our experts talk you through startups, limited companies, business plans and more. GCSE Business Studies is designed for students finishing secondary school to learn skills for running a business, such as managing money, advertising and employing staff.
An entrepreneur knows that setting up in business is a risk. They need a robust business plan detailing market research and competitor analysis Taking a calculated risk. A new business starts out with few, if any, customers and is likely to face competition from existing firms. To succeed it needs to plan its launch carefully and work out May 13, 2017 NASA Live Earth From Space (HDVR) ISS LIVE FEED# AstronomyDay2018 Subscribe now! SPACE& UNIVERSE (Official) 422 watching A BBC Bitesize secondary school revision resource for Higher Business Management on human resource management: role and importance of human resources.
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Do they want to take photos of their breakfast. who interact potential targets on a daily basis) or with management teams that may need your cash either now, or in the future.
Bitesize GCSE BUSINESS STUDIES BUSINESS STRUCTURE A business plan is really your, your blueprint of how youre gonna make money from your, your idea or business. When we originally started we had a very, very simple business plan, to start one small BBC Created Date: The body of your business plan should cover several areas in detail.
Give the reason for the business being established include business goals, for example, whether ambitious growth is desired or a regular, steady trading level. Explain what your business will do in simple terms, highlighting any