Expanding a business exam tips

Exam tips

• Methods of expansion exam tip 1

  Use precise subject-specific vocabulary when you explain how to discuss advantages and disadvantages of business growth methods..

  This keeps your answer tightly aligned to the exam specification point for Methods of expansion.

• Methods of expansion exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain organic growth through franchising, opening new stores and e-commerce expansion..

  This keeps your answer tightly aligned to the exam specification point for Methods of expansion.

• Methods of expansion exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain outsourcing and external growth through mergers and takeovers..

  This keeps your answer tightly aligned to the exam specification point for Methods of expansion.

• Economies and diseconomies of scale exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain how growth can create unit cost advantages through economies of scale..

  This keeps your answer tightly aligned to the exam specification point for Economies and diseconomies of scale.

• Economies and diseconomies of scale exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain purchasing economies and technical economies of scale..

  This keeps your answer tightly aligned to the exam specification point for Economies and diseconomies of scale.

• Economies and diseconomies of scale exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain how growth can create diseconomies of scale through communication problems, coordination issues and reduced staff motivation..

  This keeps your answer tightly aligned to the exam specification point for Economies and diseconomies of scale.

• Economies and diseconomies of scale exam tip 1

  Use precise subject-specific vocabulary when you explain how to calculate and interpret average unit costs..

  This keeps your answer tightly aligned to the exam specification point for Economies and diseconomies of scale.