Question 1
9 marksText 1 — Bloomwick Candles Ltd
Rhea Oduya started Bloomwick Candles Ltd in 2021. The business makes hand-poured scented candles, which it sells through its own website and at craft fairs across the region. Rhea talks to customers at every craft fair she attends and keeps a record of what they tell her. She found that many of her customers buy candles as gifts rather than for themselves, and that they often ask for scents that are not sold anywhere else.
In 2024 Rhea used what she had learnt to launch a gift box range. She also began sending a monthly email to 4 300 customers, telling them about new scents, prices and delivery times. Bloomwick Candles Ltd now employs three part-time staff.
| 2023 | 2024 | |
|---|---|---|
| Candles sold | 11 400 | 14 250 |
| Revenue | £85 500 | £114 000 |
| Customers on the email list | 0 | 4 300 |
Identify two purposes of marketing for a business.
Calculate the percentage increase in the number of candles sold by Bloomwick Candles Ltd from 2023 to 2024.
You are advised to show your workings.
Answer: ............................ %
Explain one benefit to Bloomwick Candles Ltd of informing its customers about its products.
Analyse one benefit to Bloomwick Candles Ltd of understanding its customers.