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    hi guys i got a C for BUSS 1 forgot how to answer the questions now, can someone please explain how to answer 6-14 mark questions please? thanks alot
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    What's everyone's plan for tackling the questions in respect to time? This is a very time oriented paper and a few minutes lost on each question easily stacks up to lead you not being able to answer the final question.
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    (Original post by thechampions)
    hi guys i got a C for BUSS 1 forgot how to answer the questions now, can someone please explain how to answer 6-14 mark questions please? thanks alot
    Define the keyword in the question.
    State your point.
    Apply it to the case study.
    Analyse your point.
    Depending on the number of marks repeat the above.
    Evaluate and make a choice.
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    (Original post by PrinceUpsb)
    What's everyone's plan for tackling the questions in respect to time? This is a very time oriented paper and a few minutes lost on each question easily stacks up to lead you not being able to answer the final question.
    a minute a mark. generally i get though the calculation question(s) in about half the time required - so if its a 6 marker I can do it within 3 minutes, giving me extra time on other longer questions. I constantly look at the clock and time each question, once i've allowed myself a minute for every mark I move onto the next question even if I want to write more, you need a good spread of time on all the questions. You never know the last question might turn out to be a really easy 15 marker, then you'll kick yourself for spending longer on the harder questions
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    hello i need help aqa says profitabilty is profts in relation to revenue basicly margins but in a a past paper refering to increasing profitability it mentions higher revenue-this leads to higher profits i understand but NOT necessarily higher profitability as it could have made lots of profits but only after making lots of revenue pls help big contadiction should i simply from now on see profitability as profits
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    Hey ppl k i think i'm in a very bad situation as i havent started my revision yet for buss 2 but i think i'm well aware of the content any idea of what to do next to get at least a B ??:confused:
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    (Original post by needtosucceed=))
    a minute a mark. generally i get though the calculation question(s) in about half the time required - so if its a 6 marker I can do it within 3 minutes, giving me extra time on other longer questions. I constantly look at the clock and time each question, once i've allowed myself a minute for every mark I move onto the next question even if I want to write more, you need a good spread of time on all the questions. You never know the last question might turn out to be a really easy 15 marker, then you'll kick yourself for spending longer on the harder questions
    hello i need help aqa says profitabilty is profts in relation to revenue basicly margins but in a a past paper refering to increasing profitability it mentions higher revenue-this leads to higher profits i understand but NOT necessarily higher profitability as it could have made lots of profits but only after making lots of revenue pls help big contadiction should i simply from now on see profitability as profits
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    (Original post by Anony1234)
    hello i need help aqa says profitabilty is profts in relation to revenue basicly margins but in a a past paper refering to increasing profitability it mentions higher revenue-this leads to higher profits i understand but NOT necessarily higher profitability as it could have made lots of profits but only after making lots of revenue pls help big contadiction should i simply from now on see profitability as profits
    Prifitability=
    The state or
    condition of yielding a financialprofit or gain. It is often measured by price to earnings ratio.

    Read more: http://www.businessdictionary.com/de...#ixzz2Uo7xZO4y
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    HELLP
    hello i need help aqa says profitabilty is profts in relation to revenue basicly margins but in a a past paper refering to increasing profitability it mentions higher revenue-this leads to higher profits i understand but NOT necessarily higher profitability as it could have made lots of profits but only after making lots of revenue pls help big contadiction should i simply from now on see profitability as profits
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    soory let me be a little clearer aqa states profitability=profits in relation to revenue basically profit margins
    but in a past paper it suggests otherwise- it mentions to improve profitability you can improve revenue- surely according to above definition revenue would only affect total profts not profitability/profit margins.
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    (Original post by devil.rockstar33)
    Hey ppl k i think i'm in a very bad situation as i havent started my revision yet for buss 2 but i think i'm well aware of the content any idea of what to do next to get at least a B ??:confused:
    soory let me be a little clearer aqa states profitability=profits in relation to revenue basically profit margins
    but in a past paper it suggests otherwise- it mentions to improve profitability you can improve revenue- surely according to above definition revenue would only affect total profts not profitability/profit margins.
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    heyy guys i was wondering if anyone has any sample answers for some of the buss2 past questions?? and also any advise on how to structure the longer answers and also using the case study? as i find it difficult to use the case study?
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    How many points would you discuss for a 11-15 marker?
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    Please can Somone mark this for me?
    Its June 2010 paper unit 2





    Another reason is that they give out too much training, they offer nine weeks induction training which is a bit extreme and so if they were to lower it they would save money and make employees feel less needy meaning motivation would increase and so would productivity, if staff are overtrained they may feel like they aren't worthy and the business doesn't think they have enough expereince which can make then feel insecure and so they may leave.


    1c)
    The marketing mix contains the 4p's product, promotion, place and price however it is influeneced by many other factors.


    To some extent it has been the most important element to the marking mix because its the product that has gained them their reputation for supplying high quality frozen foods which has led to their high sales volume and enabled them to become a market leader. Gaining them this repuatuon was vey important because it is what promoted repeat purchases and enables them to spend less on marketing because they are promoted so well through word of mouth advertising.


    However to some extent I think that that the promaiton has been the most important part of the marketing mix because it is events like raising funds for charities which boosts the brand name making the business more aware of, which I think is what has enabled them to to enter new markets such as cruise-lines because of the way they have used promotion as it shows the culture of the business which will attract new markets.


    Overall I agree that the product was the most important part because although the promotion played a big part it wouldn't have got anywhere with out a product that was right for customers. The fact that the product porfolio was was widened I think this shows the importance of the prouct to the marketing mix beccause by offereing other products such as foods from china and mexico the buiness can tailor its needs to individuals meaning they can adapt their customer loyalty which shall increase revenue and imporve reputation because they offer more and so can cater for a larger audience which shall lead to large profits which has enabled them to offer the training they need to improve their business to make it more competitive.


    1d


    motivation techniques are ways in whch the business changes a job role to make the employees happier so that the job is done to a better standard, these can be non financial or financial incentives.


    To some extent i agree because if they didnt invest heavily on trainting their labour turnover would be a lot higher from the very low percentage it is and by having a low turnover the business saves money as they dont have to spend lots of money on recruitment and selection because there are less vacanices to fill and so less induction training is needed and so the business can just focus on developing their employees skills further to imporve quality and efficiency so that higher revenues are made and more costs are cut becuse less wastage is produced as the likeliness of defects has been reduced. so the training has ment less labour turnover because the staff feel enriched and empowered because they feel like the bsuiness wants them within the business because they have invested money in training them up effecively also their training leads to qualifications which will instantly motivate the staff as they feel like the they are getting something valuable out of the business other than money.


    however to some extent i disagree because providing this much training isnt neccassay and managers that have to do all this training may feel overstretched and if they arent qulaified can feel demotivated because they arent that sure of what they are doing and so the whole process could be a disaster. Also by prividing this much training the staff are under tight control because they are being obsevered a lot which can make them feel like the business doesn't trust them which will lead to demotivation because they feel like they can never use their own initiative and so they are likely to feel under that much pressure they take lots of time of sick meaning high absesnteesim leading to higher costs because they will have to find someone to cover this role or they may even leave which means they have wasted a large sum of money because aftr paying for this training they have left and so the business will have to employ someone without the skills and retrain them up which is also a big time waster.


    overall i agree because althoughthey may be overtraining their staff it seems to be effective because its emplyes have three time voted them as best employers and sothey must be overly happy with the training and motivation theories that are in place. they also over large cash rewards for employees which perfom well which is likely to motivate them severly as such a high percentage of cash is up for stake (40%) whoch could mke them focus on quantity rather than quality however because of their taining they are likely to overcome this and keep their quality up to scratch.motivating them with these financial incentives is a key to making the work force more effective because it will enable them to be more productive as they feel they are being rewarded for their efforts.




    2a)
    netprofit
    revenue


    = 45045/46200=0.975


    2b)
    customer sevice is the ways in which the business satisfies the customers either by helpful and friendly staff of after sale servive or even just providing a good quality product.


    one reason could be because of the labour turnover as it was already at 10% which is still quite high which means that a lot of new staff have been joining and so will be unfamilar with the buinesses objectives and so may not be very helpful to customers because they are new to the bsiness and havent yet got the right skills.
    annother reason is that it has cut expeniture on training which means new staff may not get inducton training and so wont know what they are doing, it also means staff will be demotivated becasue the business cant provide them with the skills they need and so they wont care for the businesses reputation and so wont go out of their way to be overly friendly and so customers will feel this negative impact towards the employer and feel dissatisfied with the service they recieve.


    2c)
    When you sub contract work you get other businesses to help you fufil orders because you dont have the capacity to fill them yourself.


    to some extent i agree because increasing sales is very importsnt in his situation because cash flow is a problem as he has exceeded his limit of the overdraft several times and so with cash flow (unlike proftit) it is very imporant in the short term as if they cant pay their debts they wont be able to continue any longer because they need materials to create an output so that they can create a sale and so this order could change everything for them because if they manage to increases sales revenue they can pay their debts and so keep cash flow positive and so imporve the efficciy of the business.
    however to some extent i disagree because if th pople who theyve contracted their work dont produce the right quality their position could fall further because retailers such as tesco wont be happy if they dont receive the quality they've payed for and so it wont be the subcontractrs that lose the contract with tescos it will be Warick clothing and losing large orders such as these will send them in to immedate decline as they are already producing hardly any profit in 2009-10 they only made £1155 profit) and so they cant afford to risk losing contracts which are keeping them afloat at the minute.
    overall i diagree because there is alot of risks that come with subcontracting work and so the likeliness of increasing sales by subcontracting is slim as specially as the subcontractor in Vietnam has low costs which means the quality may be suffered to get the costs at such a low price, also as they are so far away they cant be sure that the subcontractors are offereing fair wages and good working enviroments for their workers andso if anyone from tescos knows about this their reputation willhave a really big negative impact which could lead them to ultimate failure and so it would be best to turn down this order because the extra sales that could be got out of this chance put the whole business at stake and so i disagree with his decison to subcontract to increae sales because i think there are other ways to improve the business rather than putting the whole busines at sake for a few extra sales, areas such as cutomer service should be tackled and then sales will rise instantly meaning they dont have to risk letting anyone else fulfil their orders because they dont have the trust to do so.


    2d)


    cash flow is the money that flows into and out of the bsiness over a give period of time where as profit is how much the business makes once total costs have been subtacted from sales revuence.


    to some extent i think cash flow poses a greater threat because its something the business can survive without in the short term and so if they dont find a way to improve thir cash flow situation they arent very likely to surivie as they cant coninue to sell if they cant pay for material to make the products in the first place. they have exceeded their bank overdraft several times which would have led to big penatly fines which would havebut them in an even worse situation and so having cashflow is the most important thing ina buiness because you cant operate wthout cashflow.
    however to some extent low levels of profability are a bigger threat because if the business cant produce enough sales or cut cost effectively it wont be making any profit and so motivation finaicial inctentives are out of the window meaning motivation may decrease which will lead to further customer complaints which is very bad in their situation considreing in 2008-9 theyonly satisfied 74% of their customers and by not keeping customers happy they won't have anyone to purchase their proudcts and so their situation will further deteriorate.
    overall i think cash flow imposes more of a threat because although profit is important the business can survive with out it in the the short term where with cash flow it cant. Alan is already delaying outflows as much as possible because if he cant pay outflows he has no chance of success, even though he has borrowed money from the bank he still cant pay outflows on time and so suppliers will leave him meaning he has to find more suppliers which may take time and so he will worsen his situation because he cant operate without suppliers, he doesn't have the money or time to find new suppliers and so its important he pays them on time and in full because they wont stick around, and because the suppliers know they have advantage over him they can up prices which would be impossible for him to cope with. so cash flow overly poses more threat to the success because the business cant operate at all with out inflows to pay his outflows.
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    What are the ratios you need to learn?
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    (June 2012 paper)
    Can someone explain this question to me: Calculate the forecast annual labour productivity for the company’s mussel farm
    in Dorset in 2014

    Number of employees in 2014 = 40 x 1.5 = 60 (1 mark)
    I don't get why the employees would be 60 if they currently employs 40 people and it's suppose to increase to by 50%
    So should it not be: (40 x 2) 4 320 =54
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    (Original post by rumenaislam)
    (June 2012 paper)
    Can someone explain this question to me: Calculate the forecast annual labour productivity for the company’s mussel farm
    in Dorset in 2014

    Number of employees in 2014 = 40 x 1.5 = 60 (1 mark)
    I don't get why the employees would be 60 if they currently employs 40 people and it's suppose to increase to by 50%
    So should it not be: (40 x 2) 4 320 =54
    Well because there is 40 employees if you we're to increase that by 50% you'd get 60 because 50% of 40 = 20 and so 40 plus the 20 extra equals 60. To canculate percentages, for example of you was increasing 40 by 70% you type this in your canculator

    1.7 x 40

    for an increase of 23% you'd type in 1.23 x 40

    however for decreases you wouldn't include the 1 at the beginning, so for 20% decease of 40 you'd type in 40 x 0.2 which equals 8 and then you take this from 40 to get 32.
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    (Original post by Charleybearr09)
    Well because there is 40 employees if you we're to increase that by 50% you'd get 60 because 50% of 40 = 20 and so 40 plus the 20 extra equals 60. To canculate percentages, for example of you was increasing 40 by 70% you type this in your canculator

    1.7 x 40

    for an increase of 23% you'd type in 1.23 x 40

    however for decreases you wouldn't include the 1 at the beginning, so for 20% decease of 40 you'd type in 40 x 0.2 which equals 8 and then you take this from 40 to get 32.
    Thank you! I understand it now. I feel so dumb. -.-
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    (Original post by vithusan40)
    Start by learning the definitions, advantages and disadvantages, the adv and disadv should be common sense and general knowledge, then do past papers use the website i put above.....
    I dont think learning the mark scheme will help as it has to apply to the case study but it is worth looking at how they award marks for analysis and evaluation and get some pointers on how to throw them in!
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    vithusan40 That website is amazing! thanks
 
 
 
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