OCR-F248 Applied Business 14th June 2012- Fontane Ltd
Business and management exam discussion - share revision tips in preparation for GCSE, A Level and other business and management exams and discuss how they went afterwards.
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Re: OCR-F248 Applied Business 14th June 2012- Fontane Ltdhmm im kinda confused do you think porters generic strategies will come up?(Original post by Kraze)
Option 2a only has 2 years payback, so that wouldn't help to make a decision between the two. Agreed the figures are good for 2b, however Fontane don't have commercial experience, so you could say its higher risk. -
Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdI think Porter will come up!!! I dunno why I just do! What do you think is all coming up(Original post by Hk :))
hmm im kinda confused do you think porters generic strategies will come up? -
Re: OCR-F248 Applied Business 14th June 2012- Fontane Ltdhttp://tutor2u.net/business/presenta...s/default.html
What all do you thinks coming up?? -
Re: OCR-F248 Applied Business 14th June 2012- Fontane Ltd
Was never taught it. Considering my teacher is very thorough I can't see it coming up :/
What I think will come up:
A 2 marker on aims / mission statements etc to begin.
Decision Trees.
Critical Path maybe.
The usual HR questions.
Break even.
Work out the NPV, maybe a long marker.
Perhaps contingency planning they like to put in.
And the 20 marker will probably be the quant/qual info (and maybe Ansoff) on the overall decision of the 3 options. -
Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdSee I wouldn't mind that. That for me would be my paper lol!! I can see breakeven too and a special order decision question after it!...What about marketing strategies?(Original post by Kraze)
Was never taught it. Considering my teacher is very thorough I can't see it coming up :/
What I think will come up:
A 2 marker on aims / mission statements etc to begin.
Decision Trees.
Critical Path maybe.
The usual HR questions.
Break even.
Work out the NPV, maybe a long marker.
Perhaps contingency planning they like to put in.
And the 20 marker will probably be the quant/qual info (and maybe Ansoff) on the overall decision of the 3 options. -
Re: OCR-F248 Applied Business 14th June 2012- Fontane Ltd
Yeah hopefully break even comes up. Our teacher made us do a 15 marker on marketing strategies then we did a revision lesson the other week so I would feel fairly confident if it came up. But yeah I'd rather it was how I predicted it and marketing didn't come up
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Re: OCR-F248 Applied Business 14th June 2012- Fontane Ltdohh don't say that i REALLY DO WISH it doesn't come up lol ...(Original post by Nwatters787)
I think Porter will come up!!! I dunno why I just do! What do you think is all coming up
i think
decion trees
break even
HR
critical path maybe
Ansoff Matrix
NPV - because theey give payback and ARR
what are your predictions?? -
Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdHaha! Well either way!! but these advantages and disadvantages are doing my head in for every topic there all nearly the bloody same ugh!!...Do u know what came up in the Jan 12 paper??(Original post by Kraze)
Yeah hopefully break even comes up. Our teacher made us do a 15 marker on marketing strategies then we did a revision lesson the other week so I would feel fairly confident if it came up. But yeah I'd rather it was how I predicted it and marketing didn't come up
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Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdI know its torture so it is..(Original post by Hk :))
ohh don't say that i REALLY DO WISH it doesn't come up lol ...
i think
decion trees
break even
HR
critical path maybe
Ansoff Matrix
NPV - because theey give payback and ARR
what are your predictions??
Erm
Decision Trees
Breakeven
Ansoff
Marketing Strategy
Critical Path
NPV
Then Qualitative/Quantitative
its hateful!! Im sooo nervous -
Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdWould that not be labour productivity calculations???(Original post by Hk :))
Contingency planning will come up because Rachel worries a lot i.e >> (production lines breaking down) ?? -
Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdI think they going to ask something relates because she seems like a worried person i.e maybe ask about contingencies for workforce problems ...(Original post by Nwatters787)
Would that not be labour productivity calculations???
so if anything unexpected happens at least rachel has a "plan b"
I don't particularly get the exchange rates ??Could you explain ?? please -
Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdI have the Jan 12 paper;(Original post by Nwatters787)
Do u know what came up in the Jan 12 paper??
1. Business aim, stakeholders (conflict), external stakeholders
2. HR planning - formulas were provided
14 marker on differences in personnel effectiveness between two types of employees - based on figures
3. Critical path (definition and advantages, no diagram). Profit and loss
4. Decision tree (diagram) then a 2 marker for contingency planning.
5. Define strategic decision, 8 marker on evaluating the effectiveness of Ansoff in relation to the business.
6. Define / work out PB, define NPV
7. Then the 20 marker on making the overall decision.
Not a bad paper to be honest, the only question I would have struggled on was the first 14 marker. But I guess that was more specific to that case study.
What do you have as the disadvantages for NPV, and the advantages for decision tree? I've lost my notes on them(Original post by Nwatters787)
advantages and disadvantages
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Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdExchange rates are how much one currency is exchanged for another.(Original post by Hk :))
I don't particularly get the exchange rates ??Could you explain ?? please
Fontane SELLS the product to 80% export markets such as Japan. If the exchange rate falls (i.e. the £ gets weaker) our goods become cheaper to those customers buying our product, therefore this is a benefit as our sales will increase. Likewise, if the exchange rate rises (i.e. the £ becomes stronger) then our goods are more expensive, meaning the price goes up for those buying the fountains, and demand will fall.
The same works for the raw materials, as they come from China. If the exchange rate rises and the £ is stronger, we can import more of the stainless steel for less, meaning our profit will increase as our production costs would fall. Again, if the exchange rate falls, it would cost us more to buy each unit of stainless steel from China, which will impact negatively as we are now spending a higher price for the same amount of raw materials.
^ hope that helps
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Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdNo worries! Most of the people in my class struggled at first, I do economics so it makes it a lot easier(Original post by Hk :))
OMG thanks you so much I understand now my teacher has explained so many times I just didnt understand but that is so clear
I'm praying they put in a 14 marker on economic conditions
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Re: OCR-F248 Applied Business 14th June 2012- Fontane LtdOhh I havn't really seen a question on it isn't econoimc conditions in the AS paper ??(Original post by Kraze)
No worries! Most of the people in my class struggled at first, I do economics so it makes it a lot easier
I'm praying they put in a 14 marker on economic conditions
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Re: OCR-F248 Applied Business 14th June 2012- Fontane Ltd(Original post by Kraze)
I have the Jan 12 paper;
1. Business aim, stakeholders (conflict), external stakeholders
2. HR planning - formulas were provided
14 marker on differences in personnel effectiveness between two types of employees - based on figures
3. Critical path (definition and advantages, no diagram). Profit and loss
4. Decision tree (diagram) then a 2 marker for contingency planning.
5. Define strategic decision, 8 marker on evaluating the effectiveness of Ansoff in relation to the business.
6. Define / work out PB, define NPV
7. Then the 20 marker on making the overall decision.
Not a bad paper to be honest, the only question I would have struggled on was the first 14 marker. But I guess that was more specific to that case study.
What do you have as the disadvantages for NPV, and the advantages for decision tree? I've lost my notes on them
Hmm Ok Mission statement/objectives is guna be question1 me thinks
I duno about labor to be honest with ya but all the better if it did.. right so defo decision tree long question then...its guna ask i think to define ARR and PB and give a disadvantage of each then to work out NPV and a long question on it.. then the 20 marker then marketing maybe contingency I duno and a bita breakeven
Disadvantages of NPV
It is more Complex to calculate. it requires more time to make a decision as the discounted factor is an educated guess. it is also a quantitative method that may be a disadvantage to fontane ltd. Npv should be combined with ARR and payback to get the greatest outcome for the business. NPV states that early investments of high amounts are greater as they stand to loose less whereas high amounts later on decrease rapidly