Case Study 2024 Exam Questions (53 Terms) With Verified Definitions Updated 2024

Implications of Brexit for customers in Ireland {Ans: 1. Costs more to purchase goods from the UK due to customs duties and VAT ​ 2. Takes longer for the goods to arrive as they have to go through customs security checks ​ 3. Less choice of goods available to the Irish consumer as UK companies do not want to deal with the paperwork involved ​ 4 Delivery/shipping costs more expensive/more likely to buy an EU product​}Local Enterprise Office {Ans: Supports new businesses by offering support and advice​}What is a business plan {Ans: A Business plan is a written description of what a business hopes to achieve, its marketing, finance and employees. It is designed to help you work out how to make the business a success. Its helps to make the day to day decisions in the business.​}Field research {Ans: 1. Survey/questionnaire ​ 2. Face to face interviews ​ 3. Focus groups ​ 4. Suggestion boxes ​ 5. Visit to other locations/observation ​ 6. Telephone interview​}Advantages of setting up own business {Ans: 1 She will be his own boss and can shape his own future.​ 2 She can choose his own working hours/holidays particularly as