Business 0450 · IGCSE · Enterprise, business growth and size
Explain two methods by which TT could expand.
Think about the ways TT could gain from these three economies of scale as it keeps expanding. Which one is most likely to have the biggest effect on TT’s profit? Justify your answer. • Purchasing • Technical • Financial
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “TT expands its current operations by using retained profits to establish a new factory abroad producing a new toy for children up to the age of 5” …