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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
Select two actions that Martin should take
Answer
To take advantage of the increasing economic activity, Martin should focus on actions that enhance his operational capacity and market competitiveness. The suitable choices would be:
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C Recruit more staff: Increasing staff can help Martin meet higher demand, improve efficiency, and provide better service to customers. This is vital when business activity is increasing.
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D Increase product range: Expanding the product range can attract new customers and increase sales from existing customers. This diversification can be essential as demands in the marketplace fluctuate.
Both options C and D align with the goal of leveraging the economic upswing effectively.