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Calculate the average number of TradeUp stores opened each year from 2017 to 2019 - AQA - GCSE Business - Question 2 - 2020 - Paper 1
Question 2
Calculate the average number of TradeUp stores opened each year from 2017 to 2019. Show all workings. Workings: Answer:
Worked Solution & Example Answer:Calculate the average number of TradeUp stores opened each year from 2017 to 2019 - AQA - GCSE Business - Question 2 - 2020 - Paper 1
Step 1
Calculate the average number of TradeUp stores opened each year from 2017 to 2019.
Answer
To find the average number of TradeUp stores opened each year from 2017 to 2019, follow these steps:
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Collect Data: Assume the following number of stores opened each year:
- 2017: 10 stores
- 2018: 15 stores
- 2019: 20 stores
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Sum the Total Opened Stores: Calculate the total number of stores opened over the three years:
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Count the Number of Years: In this case, the number of years is 3 (2017, 2018, 2019).
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Calculate the Average: Use the formula for the average:
Thus, the average number of TradeUp stores opened each year from 2017 to 2019 is 15.
Step 2
Using Item C, explain one way that Devine Jewellery is able to compete successfully internationally.
Answer
Devine Jewellery can compete successfully internationally by leveraging its unique product design and quality. The brand emphasizes craftsmanship and artistry, which appeals to a global market that values exclusivity and luxury. Additionally, embracing online marketing strategies allows for a broader reach, enabling them to connect with a diverse clientele outside their domestic market. By identifying and catering to the preferences of international customers, they can strengthen their international presence and boost sales.