3. Which one of the following is a barrier to international trade? Select one answer - Edexcel - GCSE Business - Question 3 - 2019 - Paper 1

To calculate the percentage increase in sales revenue:

1. Identify the sales revenue in 2015 and 2016:

   • Sales in 2015 = £750,000
   • Sales in 2016 = £1,500,000

2. Calculate the increase in revenue: Increase = Sales in 2016 - Sales in 2015 = £1,500,000 - £750,000 = £750,000

3. Calculate the percentage increase: Percentage Increase = (Increase / Sales in 2015) × 100 Percentage Increase = (£750,000 / £750,000) × 100 = 100%

The percentage increase in sales revenue from 2015 to 2016 is 100%.

One method a business could use to differentiate its product is by enhancing product quality. By ensuring that the product meets higher performance standards, offers superior durability, or incorporates advanced technology, the business can stand out in a competitive market. This not only attracts customers looking for high-quality options but can also justify a higher price point.

One possible barrier to effective communication within a business is the presence of cultural differences among employees. Diverse backgrounds can lead to misunderstandings or misinterpretations of messages, as individuals may have varying communication styles or may place different meanings behind certain phrases. This can create confusion and hinder collaboration among team members.

Giving employees permanent contracts has several impacts on a business.

1. Employee Retention: Permanent contracts often lead to higher employee retention rates, as workers feel more secure in their positions. This can lead to decreased turnover costs associated with hiring and training new staff.

2. Job Satisfaction: Employees with permanent contracts generally experience greater job satisfaction, resulting in higher productivity and morale.

3. Financial Stability: While permanent contracts increase immediate labor costs (such as benefits and salaries), they can promote a more stable workforce that contributes positively to the company’s long-term financial success.

4. Legal Obligations: Employers must also navigate legal aspects tied to permanent contracts, including compliance with employment laws, which can require robust HR practices.