Economic activity is increasing - Edexcel - GCSE Business - Question 4 - 2016 - Paper 1
Question 4
Economic activity is increasing. Martin, the owner of a printing business, wants to take advantage of this increase.
Which two actions should he take?
Select two a... show full transcript
Worked Solution & Example Answer:Economic activity is increasing - Edexcel - GCSE Business - Question 4 - 2016 - Paper 1
Step 1
C Recruit more staff
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Answer
Recruiting more staff will enable Martin to handle increased demand for printing services. More employees can assist in production, improve turnaround times, and enhance customer service, ultimately helping the business to capitalize on the rise in economic activity.
Step 2
D Increase product range
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Answer
Increasing the product range can attract a broader customer base. By offering more products, Martin can utilize the economic upswing to meet diverse customer needs, thus maximizing sales opportunities and strengthening his market position.
