Briefly discuss the essential differences for a business between short-term, day-to-day decisions, and long-term, year-to-year ones.
Question 2. Shona, a sole trader, owns and manages a business which manufactures and sells small instruments for hospitals and other medical facilities. Set out below is the sales revenue and profit for 2019. Year Sales Profit 2019 £431,640 £147,390 In 2019 the business manufactured and sold 132,000 units and had fixed costs […]