There was other stuff. For example the other girls cafe is hardly comparable to Liza's souvenir shop figures wise. Also the data on two competitors were from 2014. Also there were many competitors. Correct approach though
did anyone for the option question work out that if she chose option A and closed from november to february that she would cut costs and essentially have 10,000 more forecasted profit then option B however cause the data is badly researched that the pros for option 2 outweigh the pros for option 1?
I struggled to locate a thread for the 2016 exam, so I started one. Please use this to talk about a variety of different things such as any questions, revision help (techniques), responses to questions and possible predictions of what is likely to come up.
I am in Year 13 and doing BUSS 3 and BUSS 4, but am also retaking BUSS 1 and BUSS 2.
Good luck to everyone
hey i have business studies exams igcse edexcel next week...so any tips??
For the last question, did anyone mention the opportunity cost of £9k profit with the franchise, compared to closing the shop as an independent, working freelance and earning money rather than losing it, and spending time with family?
Yep though for a balanced argument you can argue she will not retain all of that profit due to the nature of a franchise but it will likely still be more than option 1s profit after that anyway.
For the last question, did anyone mention the opportunity cost of £9k profit with the franchise, compared to closing the shop as an independent, working freelance and earning money rather than losing it, and spending time with family?
yes!! i dont know if that was right was quite a drastic piece of evidence but hoping that its right
Yep though for a balanced argument you can argue she will not retain all of that profit due to the nature of a franchise but it will likely still be more than option 1s profit after that anyway.
was it not the other way round? i thought she went free lance as an independent souvinir shop not franchise
Posted from TSR Mobile She hadn't decided, it was up to you to recommend. She only chose location b. I don't remember her deciding but even so, I should say that if she chose franchise then she wouldn't keep all profit
For the Income budget I wrote about seasonal small sample size of 200 ( i know its not small but i couldnt find anything else)
do you think this is a correct approach?
Yeah that's the correct approach however I wrote that she based her Info on competitors in 2014 which is outdated and she used her friend ALexs information on when to shut however that's a different industry (cafe) so unreliable
Yeah that's the correct approach however I wrote that she based her Info on competitors in 2014 which is outdated and she used her friend ALexs information on when to shut however that's a different industry (cafe) so unreliable
will i get any marks for writing that her sample size is too small? i also did some random calculations saying due to the beach having a population of 80% interviewing 200 would only account of 40 people
yes i know this makes little sense but was hoping for good application here
will i get any marks for writing that her sample size is too small? i also did some random calculations saying due to the beach having a population of 80% interviewing 200 would only account of 40 people
yes i know this makes little sense but was hoping for good application here
That's excellent !!!
I really think that's better than my points to be honest lol
I really think that's better than my points to be honest lol
yeah but it makes little sense to me as to why i did it lol but oh well, hoping for an A considering I lost a guaranteed 5 marks on calculations. I do a level maths and yet cant work out simple maths smhhh