Using a range of management styles to lead a business
For organisations to develop they require a direction. The people who manage the business provide the direction. Taking responsibility for making decisions and running...
Opportunities and constraints in the business environment
Opportunities in the business environment are those factors that provide possibilities for a business to expand so as to make more sales and profits....
Promotion
Promotion is a common marketing term, one that attempts to draw attention to product or business in order to gain new customers or to...
Product portfolio
Sales of products will eventually decline, as outlined in the four stageproduct life cycle. Businesses will often attempt to phase out existing products in...
Elasticity of demand
When you raise the price of most items, people will buy less of them. For example, when one airline raises its price, air passengers...