2023

• stage 4 is called

  decline
• elemnet of design mix

  function
• explain one reason why a business might use performance reviews with its employees

  Managers will discuss whether their employees have met their targets.as a result, the employee is more likely to be focused.Thus,the employee is more productive
• One impact on the business of using flow production

  Production is less flexible, Therefore,a standardised product must be made, as a result, it is difficult to create different versions of the product to meet customer needs.
• documents produced by the business at the start of the recruitment process

  -Application form

  -person specification
• services

  -accountancy

  -haridressing
• one disadvantage to a business os using loan capital as a source of finance

  interest will be paid on the loan. As a result, the business's fixed costs will increase.Therefore the profit margin will fall.
• One reason a business may decide to reduce the size of its workforce

  -The business might have a decrease in sales for a product.This means that there is not enough cash inflow to pay its employees.Therefore,to prevent business failure it may reduce its workforce
• fringe benefit

  company cars
• Explain one disadvantage to a business of having a poor relationship with its suppliers

  • Deliveries of raw materials may be late (1). Therefore, production may be disrupted (1). Thus, the business may not be able to meet the needs of its customers (1).

  OR

  • The business may not get good terms for trade credit (1). Therefore, they may have to pay cash to their suppliers earlier (1). As a result, net cash flow may fall (1).
• one impact on a business of introducing job rotation

  employee motivation will increase.this is because job rotation makes their work more interesting.as a result,the business may experience an increase in productivity
• Discuss the impact on business from new tariffs being introduced by countries it exports to

  • Exported products will now become more expensive in the foreign market (AO1b).
  • Therefore, demand for the exported product in the foreign market could fall. As a result, revenue generated by the business from its foreign, export market may fall (AO3a).

  AND

  • The business may try and find a way to reduce the cost of making each unit (AO1b).
  • This is because it may allow the business to reduce its prices. As a result, the tariff will have a minimal effect on the business (AO3a).