AQA AS BUSS2 - 21/05/12 - discussion

hahah ive only just signed up to the student room today and now getting free bacon sandwiches f*** a levels my life is now complete.

http://web.aqa.org.uk/UMS/index.php

UMS converter to find out the grade boundaries

Can some1 tell me if u can take the exam in jaunuary that in buss3

Actually for the price elasticity question, we could try to insert different percentage into the formula so as to prove that -2.0 is price elastic. For instance, the percentage change in price is 5% whereas 10% for Quantity demand. As a result, the Ped should be 0.10 / 0.05 = 2

For price inelastic, the denominator (change in Price) is greater than that of numerator (Change in Quantity demanded), Accordingly, the result should not be greater than 1. E.g. 0.05/0.10 = 1/2 -> Never exceeds 1

http://web.aqa.org.uk/UMS/index.php

UMS converter to find out the grade boundaries

Pretty easy paper, was better than I expected it to be. I'm guessing an A would be 55/56 raw, B would be 49/50 raw and full UMS around 65-ish. I'm riding on a 100% UMS in Unit 1 so I think I'm much guaranteed an A for the AS, getting full UMS on this one would be a huge bonus for A2. Pretty confident on getting an A.

Just some stuff I put on the questions:

1 a) Solutions to poor levels of customer service: nearly read the whole thing wrong and was about to write the causes/reasons for this one. Methods were like getting pressure of staff, but I couldn't remember what I put already. :P

1 b) Delegating budgets: Positives are motivational, managers know the situation of individual sites, negatives are lack of market research (budget for that has shrunk by 1.5 million) causes inaccuracy, inexperience in managers, etc.

1 c) Should price be set 10% above competitors: Yes, TT Ltd wants to offer 'unique experience', quality might be a USP and price reflects that. No, price is elastic (-2.0) and will lose customers.

1 d) Effectiveness of piece rate (which is what the method described was): Yes according to Taylor, higher customer numbers = more revenue. No because causes extra stress, staff are already dissatisfied.

2 a) Labour productivity: 4320/60 = 72 tonnes of mussels per worker/employee

2 b) Marketing mix: Promotion, unknown to European market, needs heavy marketing. Price, might need to use penetration pricing to gain market share in new market. I only write those two and extended on them.

2 c) TQM: Yes because reduces wastage, takes time to harvest mussels so company needs to avoid wastage. No because workforce hasn't been consulted, might be reluctant to change, costs a lot.

2 d) Cash flow VS profitability: This question has come up like 3 times already?! The values are pretty much all there. Not going into detail for that.

got 76 ums in unit 1 so only need 84 for an A :P

FYI in my school 10 others (yr 10) are doing Business Studies AS as well this year. In BUSS1, 7 got A (including me and another who got full UMS, the other guy got 1 extra raw then me, iirc I got 51 and he got 52), 2 got B and 2 got C. They all say this paper is much better (probably their exam technique has improved as well) and are confident about this paper. 4 of them are dropping out though, of course I'm going on to A2! Starting on every Thursday, no study leave= more content finished before yr 11 in Sep = more time to revise




Nope.

PeD cannot be positive. A increase in price. must result in a decrease in demand and vice versa, it's just how much it changes which affect the value, not the minus sign. Of course that's in business I'm not sure about Economics though. :P