Search and browse 1000’s of questions from past papers and view answers.
(i) Explain the term national minimum wage. (ii) Describe one possible economic impact on Irish business of the increase in the national minimum wage.
(2019)
Outline two problems which could arise in a business which has too wide a span of control.
Explain the term niche market and provide an example to support your answer.
Illustrate your understanding of a co‐operative relationship between an entrepreneur and an investor.
(i) Read the Break‐Even chart below and identify the full labels (not abbreviations) for A, B, C and D. (ii) Calculate Profit at Forecast Output of 120 units. (iii) Outline one limitation of break‐even analysis.
