AQA Business Studies BUSS2 - 21th May 2012

You know for the second case study it said that as price increases demand increases does that mean it was inelastic demand??

thats elastic

ahh i wrote inelastic

Wouldnt a price rise lead to a fall in demand if it was elastic??

Wouldnt a price rise lead to a fall in demand if it was elastic??

what did people write for consequences for the delegated budget question? 7 marks i think it was

Wrong decssions by managers mean - inaccurate figure therefore unecessarly causing the company to overspend and reduce chances of meeting her objective to maximise profits in the short term

Was that the question on whether that woman is correct from the manager's point of view?

Para 1

Disadvantage - Would distract them from their jobs as budgets is time consuming

Advantage - they would feel motivated and play a part in reducing labour turnover which is currently 24%

Para 2

Disadvantage - forgot i think i wrote about experience as one misallocation may ruin all the finances causing under/over spending

Advantage - they work in this field of what they are putting budgets so they alter the budgets around with the knowledge they obtained - as one of the managers (that do budgets) noticed that the elasticity was -2%

Wrong decssions by managers mean - inaccurate figure therefore unecessarly causing the company to overspend and reduce chances of meeting her objective to maximise profits in the short term