Anyone doing Business Studies here?

[Sarah Paul]

Can some one help me with business studies here? Pease answer the below question its really important

 

[Sarah Paul]

Discuss whether the government should support small businesses in your country (12 marks)

sine its a 12 mark answer it shud be 2 sided rytt? So wat are the reasons we should give if we say that the government shouldnot support?

 

[Sarah Paul]

Also the proper definition of liquidity ( 3 marks)
Definition of Cooperation (3 marks)

 

[David Hussey]

Also the proper definition of liquidity ( 3 marks)
Definition of Cooperation (3 marks)

stick to the definitions of the markschemes

 

[David Hussey]

Discuss whether the government should support small businesses in your country (12 marks)

sine its a 12 mark answer it shud be 2 sided rytt? So wat are the reasons we should give if we say that the government shouldnot support?

they may not support them because
they could support multinationals instead which may provide more job employment
small businesses might be ineffiecent unless trained

thats all i can think of :/

for details on why they should support, check the econ textbook it has points regarding this topic

 

[Sarah Paul]

stick to the definitions of the markschemes

they may not support them because
they could support multinationals instead which may provide more job employment
small businesses might be ineffiecent unless trained

thats all i can think of :/

for details on why they should support, check the econ textbook it has points regarding this topic

hmm ok

 

[student8]

Discuss whether the government should support small businesses in your country (12 marks)

sine its a 12 mark answer it shud be 2 sided rytt? So wat are the reasons we should give if we say that the government shouldnot support?

Advantages could include:

• Generates employment
• Increases the GDP of a country
• Large retailers often buy certain small components from small businesses
• Potential exporters and therefore country could earn foreign exchange reserves
• May reduce dependency on Imports
• Allow competition and therefore abolish monopolistic activities which exploit the market

Disadvantages:

• High risk of failure
• Owners of small business might find it hard to obtain finance and with low finance, low standard products are produced
• If small businesses are dependent on Imports for Raw material then country's exchange reserve could be depleted.
• Had to monitor the business whether they are following rules and regulation properly and not involve in unethical activities.

 

[David Hussey]

• Owners of small business might find it hard to obtain finance and with low finance, low standard products are produced

i dont think this is a disadvantage, thats y govt are supporting them in the first place

btw ur doing a2 bs?

 

[Sarah Paul]

What arr the limitations of skimming price strategy and penetration pricing strategy?

 

[TheZodiac]

Advantages could include:

• Generates employment
• Increases the GDP of a country
• Large retailers often buy certain small components from small businesses
• Potential exporters and therefore country could earn foreign exchange reserves
• May reduce dependency on Imports
• Allow competition and therefore abolish monopolistic activities which exploit the market

Disadvantages:

• High risk of failure
• Owners of small business might find it hard to obtain finance and with low finance, low standard products are produced
• If small businesses are dependent on Imports for Raw material then country's exchange reserve could be depleted.
• Had to monitor the business whether they are following rules and regulation properly and not involve in unethical activities.

That looks familiar.

 

[Sarah Paul]

What arr the limitations of skimming price strategy and penetration pricing strategy?

TheZodiac do u have any idea about this?

 

[TheZodiac]

What arr the limitations of skimming price strategy and penetration pricing strategy?

These types of pricing depends upon the market a firm is operating in. If a mass produced good is sold with skimming price strategy then it is bound to fail. Skimming price strategy is used for technological product for which the life span or the Product life cycle is very low, however, in case of brands like chocolate or soft-drink, producer might want to adopt penetration price strategy to gain maximum market share. So particularly, according to my logic, limitation of these strategies depends upon the product it self, rather than the strategies, independently.

 

[student8]

That looks familiar.

really! i dont think so

 

[student8]

These types of pricing depends upon the market a firm is operating in. If a mass produced good is sold with skimming price strategy then it is bound to fail. Skimming price strategy is used for technological product for which the life span or the Product life cycle is very low, however, in case of brands like chocolate or soft-drink, producer might want to adopt penetration price strategy to gain maximum market share. So particularly, according to my logic, limitation of these strategies depends upon the product it self, rather than the strategies, independently.

soooo good sir!

 

[Sarah Paul]

These types of pricing depends upon the market a firm is operating in. If a mass produced good is sold with skimming price strategy then it is bound to fail. Skimming price strategy is used for technological product for which the life span or the Product life cycle is very low, however, in case of brands like chocolate or soft-drink, producer might want to adopt penetration price strategy to gain maximum market share. So particularly, according to my logic, limitation of these strategies depends upon the product it self, rather than the strategies, independently.

thanks do u have business studies notes too!! Ur econ notes were great if u have can u upload them please?

 

[TheZodiac]

thanks do u have business studies notes too!! Ur econ notes were great if u have can u upload them please?

You're welcome.
I don't have Business Studies notes because sadly, I procrastinate a lot when it comes to Business Studies. I study from the book (Peter Stimpson)

 

[TheZodiac]

really! i dont think so

No, I've seen these somewhere before. I can't remember where.

 

[TheZodiac]

soooo good sir!

Sir?

 

[student8]

Sir?

yeh sir!

 

[student8]

No, I've seen these somewhere before. I can't remember where.

ziada sochane ki zarorat nahi he SIR!