BUSINESS ACTIVITY

In my IGCSE biznis exam next yr i'll b asked to demonstrate an understanding of the business activity in adding value and helping people satisfy their needs in a changing competitive environment.

Now, I'm not asking for ne explanantion here cuz tht's almost impossible. I'd really appreciate if sum1 cud post a link here, in relation to the specification i have given above.

THANKU,
THE NIGU MAN


Does the butcher add value to a dead cow? How does the butcher add value? Does he satisfy customer needs? How? How does the butcher adapt to competition?


yes he does.....umm by using it's hide to make clothes out of it and then the ppl put clothes on to meet their need: clothing

he adapts to competition by probably keeping prices low or by serving his customers really well (pls comment on my answer - tht's if u have the time to do so)

HERE I'D LIKE TO ASK U ANOTHER QUESTION; WOT EXACTLY IS THE DIFFERENCE BETWEEN ADDING VALUE N PROFIS? MY TEXT BOOK SAYS THT IT'S THE DIFFERENCE BETWEEN THE SELLING PRICE AND THE VALUE OF BOUGHT IN PRODUCTS.....AS FAR AS I KNOW PROFITS IS REALLY THE SAME THING!


No, profits depend on the costs.
Often, costs can be greater than the value...take making gasoline out of coal as an example.

Profit= value - cost

  1. 👍
  2. 👎
  3. 👁

Respond to this Question

First Name

Your Response

Similar Questions

  1. physics

    Spaceship I, which contains students taking a physics exam, approaches Earth with a speed of 0.640 c, while spaceship II, which contains instructors proctoring the exam, moves away from Earth at 0.280 c, as in Figure P26.27. If

  2. math

    A student’s final grade in chemistry is determined by the following weights: Quizzes 5% Exam 1 20% Exam 2 20% Lab Reports 15% Research Paper 15% Final Exam 25% The student received the following grades: Lab reports: 75 80 70 75

  3. Math

    An exam consists of six true-or-false questions. Assuming that every question is answered, in how many different ways can a student complete the exam? In how many ways may the exam be completed if a penalty is imposed for each

  4. English

    Put into indirect speech 1. what are you doing? Bob asked me .... Bob often asks them .... I asked Bob.... 2. Is what I heard true? I'm not sure ... Tom wondered .... 3. Do not put your book here He wants us .... I asked them ....

  1. math

    In a course a student's final exam is weighted as heavily as his mid term exam.if a student receives a score of 84 on his final exam 90 on his midterm,what is the average for the course?

  2. *****Help Statistic

    Imagine taking a 10-question true or false exam. You randomly guess at each question. Don't do any calculations, just tell me your first impressions a). Is this a binomial setting? b) How many question do you think you would get

  3. english

    Ok, I really need help with this one. I need to finish this Lesson, I have an exam tomorrow..I need to understand what this poem "Lake of Bays" by Raymond Souster mean. This girl is jumping from the railing, does that mean she

  4. tourism and hospitality

    The marketing process begins with ____________________. understanding why business is important understand what product consumers need or want understanding how to make money understanding how to make a product i think its a

  1. English

    What is your personal opinion about these scientific objectives to be added to my project on biodiversity in water? Thank you 1)Demonstrate an understanding of: a. biodiversity in different aquatic environments and its sustainable

  2. Math (Algebra 1)

    Juan’s first 3 exam scores are 85, 93, and 87. What does he need to score on his next exam to average 90 for all 4 exams? let x represent the score on his next exam (put this in a multi-step equation) PLEASE HELP

  3. stats

    Relatively speaking, which statistics exam did you do better on? On your first statistics exam you scored a 72 and on the second exam you scored an 89. Hey, you’re improving! Or are you? On the first exam, the class mean was 71

  4. Science

    I have a science exam tomorrow for 9 Space Science. I was wondering if you could help me find free practice exams, tests or questions to review for my exam. We have no way of knowing what your exam will cover. Your best bet is to

You can view more similar questions or ask a new question.