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
To maximize the benefits of increasing economic activity, Martin should consider recruiting more staff. This allows him to handle increased demand for printing services and improve customer service.
Step 2
D. Increase product range
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Answer
Expanding the product range can attract new customers and encourage existing ones to purchase more. By diversifying his offerings, Martin can better leverage the growing market.
