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theme 3 business, ao3 - > analsysis, ao2 - Coggle Diagram
theme 3 business
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smart - > specific - > specific to the overall goal of the business, measurable, predicting in a given time period, realsitic- motivational, time- > deciding on a time when get soemthing down.
market pernetration is the less risky > selling to same market and selling the same product - selling to the same customers, encourage > more regular use of the product, increase usage- use more, brand loyalty
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product development: same market, new prodcut > new version, upgrades, redeign packaging, aesthetic features.
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ao3 - > analsysis
chain reaction game > pick a business decision, add on effects to this decison > and keep adding
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ao3 speed rounds "because of this, this leads to, which means that" chains as possibvle
because this leads to, which means, as a result, conseunetly. ..
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example 2 : a business incrases advertsign - > the business could gain more awareness - > this leads to more people wanting to try the product so sales will increase - > which means that revnue will increase and as a reuslt so will profut.
because of this business's cpst would increase - > this leads to an opportunity and thereofr could pay employees more wages - > impressed / satfieid employees and therefore could potientlaly leadto more egficnity and because of increased happniess and motiation .
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tricks: chain of reasoing, cause and effects change, don't say an impact but don't explain it proeprly
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example: business a invests in new technology - > because new machines produce goods faster - > this leads to lower cost of productuon - > which means that the business can lower prices or incrase profit margins.
simplify your answer as much as possible, extend your answer,
exam break down - > get an exam question- > highlight every chain of cause and effect you can thnk of.
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link to real businesses - > link to my work, help with my chain link
because of this, this leads to, which means that.. .
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