Practise analysing sales revenue, revenue streams and the impact of business decisions on revenue using IB Business Management SL questions.
Ritev Enterprises (RE) is a public limited company that owns a chain of 20 gas (petrol) stations. Next year, RE plans to modernize its gas stations by installing self-service pumps.
Ritev Enterprises (RE)
Ritev Enterprises (RE) is a public limited company that owns a chain of 20 gas (petrol) stations. Next year, RE plans to modernize its gas stations by installing self-service pumps.
Table 2 provides selected financial data for RE from:
- the profit and loss account for year ending 31 May 2021
- the balance sheet as of 31 December 2021.
Table 2: Selected financial data for R E
The finance director is concerned about the trend in consumer preference for electric cars and the potential impact of increased numbers of electric cars on RE.
Explain the potential impact of the increasing popularity of electric cars on R E 's costs and revenues.