3/10/2021 0 Comments Znotes Business Studies Igcse
Some factories uses machines.However, some businesses may be very small but producing very expensive products such as brand name clothing while a very large factory may be producing cheap clothing.
However, value may be different for businesses for example, a sports car dealer may sell 2 cars a day while a normal car dealer e.g. Toyota may sell 20 cars a day. However, this method is inaccurate because different factories will use different types of capital e.g. A factory may use expensive machinery and another may depend on employees. Backward vertial integration is when a business merges with another business in the previous stage of production for example, Bakery merges with wheat farm. Foward is when a business merges with a business in the next stage of production e.g. Sugar farm merges with candy factory. Solution use technology to communicate e.g. Operate the business in small parts. My students have been scoring amazing with your notes in all their Cycle Tests and Terms Exams. Thank You very much for the amazing notes.
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