2021

Cards (13)

  • flat structure
    -Few management layers
    -managers oversee more people
  • An employer looks for in an employee
    person specification
  • One impact that a pressure group can have on business
    ---pressure groups may cause governments to create new legislation
    ---as a result, the activities of a business might be restricted.
    ---thus the business may not make as much profit.
  • One con of a business having poor customer service
    ---The brand image may be destroyed. As a result, the business can't charge a premium price. Thus the business's profit margin decreases
  • E.g of good
    -carssss
    -televisions
  • How can a business improve employee retention?
    -introducing job rotation
    -providing training
  • Explain why AESTHETICS may be important in the design mix of a product

    -This makes a product look more attractive.Therefore, customers may choose their products over rivals. As a result, market share may increase.
  • One drawback to a business of introducing a system of quality assurance
    -This may need a large amount of training employees. This is because at every stage of the production process, there are workers checking their own work.as a result, business costs increase.
    Or
    -require a culture change.This is because employees will now need to check even production stage of product.As a result might be time consuming.
  • Involves the businesses having a strong relationship with suppliers
    procurement
  • One reason why having a post-sales service may be important for a business
    This allows customers to resolve any problems with the product they purchased. Therefore, customer loyalty should increase. As a result, repeat purchases should take place.
  • one impact on a business from reducing the size of its workforce
    -The motivation of the remaining staff may fall. as a result, they may be worried about losing their jobs. Therefore, the business may experience a loss of productivity.
  • cons of businesses useing JIT system for stock control
    • The business may run out of stocks of raw materials if suppliers do not deliver on time .
    • Therefore, production will stop because the business will not have any buffer stocks. As a result, customers will not receive their orders on time
    • The business will not be able to place bulk orders for raw materials .
    • Therefore, the average variable cost of raw materials will increase. As a result, the profit margin for the product may fall .
  • flow production- Pro and Cons
    Pro:
    -high automation
    -produces consistent/identical products
    -cost efficiency
    Cons:
    -expensive to set up
    -inflexible to change
    -consumer may prefer personalised products