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 allow Martin to take advantage of the increased economic activity by increasing production capacity. With more staff, he can handle more jobs and increase output, which is crucial for capitalizing on higher demand.
Step 2
D. Increase product range
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Answer
Increasing the product range is another effective strategy for Martin. By offering more products, he can attract a broader customer base and potentially increase sales, making it a viable action to take in response to the increased economic activity.
