Which two of the following might help Nick to increase sales volume?
Select two answers - Edexcel - GCSE Business - Question 5 - 2016 - Paper 1
Question 5
Which two of the following might help Nick to increase sales volume?
Select two answers.
A. Increase spending on marketing
B. Employ fewer production staff
C. ... show full transcript
Worked Solution & Example Answer:Which two of the following might help Nick to increase sales volume?
Select two answers - Edexcel - GCSE Business - Question 5 - 2016 - Paper 1
Step 1
Select A: Increase spending on marketing
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Answer
Increasing spending on marketing is likely to attract more customers, thereby increasing sales volume. Effective marketing campaigns can create awareness and drive demand for Nick's products.
Step 2
Select C: Failure of a competitor
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Answer
The failure of a competitor can provide an opportunity for Nick to capture their market share. If a competitor fails, customers may turn to Nick's products, thereby increasing sales volume.
