Every country has its own exclusive products that they would like to share with the rest of the world. This may be in the form of commodities such as oil …
If a business wants to expand internationally, it needs to consider various modes of expansion. Watch this video on the modes of international expansion. As you watch, try to think …
Purpose To allow learners to reflect on what they have learnt in the week and provide a forum for learners to ask and answer questions about the week’s topics. Task …
When we analyse financial documents, it is easy to focus on the profit and value of assets as a guide to performance. However, accounts can yield more detailed information and …
The Income Statement The income statement displays the profit or loss that a company has made over a trading period. The trading period is normally a year, but bigger companies …
This video tells the story of how successful entrepreneur Duncan Bannatyne funded the various businesses he started. Following the video there is a quiz which tests your knowledge of the …
Funding is essential for all businesses. Without funding, a business can not pay for overheads, purchase stock or even set itself up. Therefore, no business can be carried without funding. …
Now that we have learnt about unlimited liability, we will discuss business with limited liability. A business with limited liability does not require owners to use their personal belongings to …
There are many ways in which businesses can be classified and categorised. From the perspective of their legal identity, we will divide businesses by considering those that have limited liability …
You are about to watch a video that describes how a sole trader business and partnership operate. The video gives the example of a small DIY business and how it …
The video you are about to see applies the PESTEL analysis tool to the UK supermarket chain, TESCO. After watching the video, you will be required to explore the threats …
So far we have looked at the market conditions and factors that directly have an impact on the activities of the business. These micro factors can sometimes be identified through …
Read the following article that discusses the competitiveness of the telecommunications industry in Kenya: Specifically, the article applies Porter’s five forces to the industry. You are required to read pages …
There are a number of factors that can influence the level of competitiveness within an industry. Businesses need to be aware of how competitive an industry is because it helps …
Now that we have learnt about what a SWOT analysis is, let us look at a real example of a typical SWOT analysis. The example below shows how the SWOT …