unit 3 building a business

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1. what is a buffer stock for?

  • a buffer stock is a way of guaranteeing their is always stock in place but not too much of it, new stock will be delivered just as the old stock runs out.
  • storage for the stock
  • hygiene of the store
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Other questions in this quiz

2. what is inflow in a business?

  • this is cash coming into the business such as sales and sponsers
  • profit a business makes
  • overall cost total

3. what is the boston matrix for?

  • to give money to the business
  • to advertise business
  • this allows a business to see how successful there product is in terms of its market share and growth
  • to keep the business happy

4. what are extension strategies?

  • these are used to try prevent sales going to decline e.g) developing a wider product range
  • extensions to the building
  • strategies when selling

5. whats the order of the product life cycle?

  • 1. introduction 2. growth 3. maturity 4. decline
  • 1.growth 2. introduction 3.decline 4. maturity
  • 1. introduction 2.maturity 3. growth 4. decline

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davidsalter

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A handy resource to check progress and make a change during a period of revision. Some of the questions are quite tricky and it will highlight areas that still need to be revised.

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