Business Cycle Bbc Bitesize

Over time the level of economic activity in a country tends to move up and down in a business cycle.

Business cycle bbc bitesize. What is the first stage of the product life cycle. It can be analysed using the boston matrix. The business cycle is crucial for businesses of all kinds because it directly affects demand for their products.

A market is any place where buyers and sellers meet to trade products. Learn and revise what goes into marketing a good product or service with bbc bitesize higher business management. Bitesize is the bbc s study support service for students helping 4 16 year olds with their coursework homework and preparation for tests and exams.

Demand is the amount of a. Gcse business video brief march 2019 2 about bbc bitesize who is the bbc bitesize audience. The market price is the amount customers are charged for items and depends on demand and supply.

Star products have a high market share in a fast. Business studies bbc bitesize gcse revision. The product is launched so sales may be low because only a small number of customers are aware that the product exists.

Gcse business studies 3 5 revision. Gcse business studies is designed for students finishing secondary school to learn skills for running a business such as managing money advertising and employing staff. High levels of consumer spending business confidence profits and investment prices and costs also tend to rise faster.

What goes on the y and the x axis of a product life cycle graph. The business cycle economic activity is the amount of production taking place. There are a number of ways that a business can extend the life cycle of a product.