Laurenxx
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#301
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#301
Privatisation = where state-run industries and state-owned assets are returned or sold to the private sector (owned by shareholders rather than the government)

Arguments for:
• Introduces competition
• Competition provides consumers with more choice
• Encourages individuals to become shareholders and take and interest in the performance of companies
Arguments against:
• Companies may exploit customers by charging higher prices for the provision of basic products eg water and rail travel.

Business Ethics – the moral principles that should underpin decision making
Possible ethical stances:
• Viewing shareholders/owners short-term interests as their only responsibility
• Recognising that well managed relationships with other stakeholders bring long-term benefits to shareholders or owners
• Including interests and expectations of stakeholders in their mission
• Taking an ideological approach and placing financial considerations as secondary

Advantages:
• Consumers demand products that don’t pollute, exploit or harm
• Can be a USP eg the body shop
• May be able to recruit staff better qualified and motivated and employees can be expected to respond more positively to working for an ethical business
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bishaldo
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#302
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#302
Can anyone give an example of a question relating to the EU that they think may come up?
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Laurenxx
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#303
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#303
Possibly something like "will being part of the EU benefit company X?" or something like that?:confused:
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Jrizzle1
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#304
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#304
Lauren's question is what would be the most probable sourc eof questioning, as there ar enot many other areas to bring up. A more acute quesiton may look at the strenths/weaknesses of larger labour pools or manufacturing oppertunities in developing countries while maintaing a free market stance
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s1ms1m
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#305
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#305
If predictions still are that the case study tomorrow may be based on Tesco's. Has anyone taken a look at 'RS Supermarkets' 03 paper for unit 6, the qs that occur in the paper may be good practise for tomorrow..though im not relying on Tesco's to come up and be so dissapointed.
However you know what they say practise makes perfect, and it is the best way to revise for this unit!
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Laurenxx
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#306
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#306
I think it would be pretty much impossible to predict what company the exam could be based on so I wouldnt concentrate too much on that.
I'm taking a break from posting notes as Im getting a headache from the laptop so I'm going to play with some eyeshadow instead haha
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aneilh
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#307
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#307
anyone got pre 2006 unit 6 past papers?
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Jrizzle1
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#308
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#308
go onto aqa
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fizzydizzy
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#309
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#309
people what is corporate planning and the benefits and drawbacks of it?
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FireDeuce
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#310
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#310
(Original post by fizzydizzy)
people what is corporate planning and the benefits and drawbacks of it?
Go back a few pages.
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stuarts10
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#311
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#311
yeah this is the synoptic so its good to bring in stuff from the other units but not in as much detail as all the economic stufff in unit 6

its not that hard to get a good mark you just gotta define all the concepts give ads and diads and RELATE IT to the company! should be fine
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bcfc-drinkuptheecider
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#312
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#312
I cba to scroll back to see if my questions have already been answered but here goes...

If we dont make synoptic links, is there a limit to the max mark we can get? Or do you just get penalised by missing out on easy marks by not making the links??

and secondly....in a question that includes the words 'assess the positives/negatives of.....' do we have to argue both ways or just focus on the positives??

Thank You!
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SophieA
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#313
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#313
i doubt it would say assess the positives or the negatives it would either ask for both or ask you for your own opinion and if it asks for both you have to talk about both and if it asks for your own opinion give both and then say why you chose the one you did, sorry i have no idea about your 1st question
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fizzydizzy
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#314
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#314
(Original post by FireDeuce)
Go back a few pages.
i would but i am confused between corporate plans and planning i need a clear answer please
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haigh119
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#315
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#315
my head is completely frazzled!
I'm fine defining points & saying the ads & disadvantages. I just struggle applying it scenarios

Any tips?
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motherfunky
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#316
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#316
(Original post by bcfc-drinkuptheecider)
I cba to scroll back to see if my questions have already been answered but here goes...

If we dont make synoptic links, is there a limit to the max mark we can get? Or do you just get penalised by missing out on easy marks by not making the links??

and secondly....in a question that includes the words 'assess the positives/negatives of.....' do we have to argue both ways or just focus on the positives??

Thank You!
no i dont think you lose marks if you dont make synoptic marks.. it shouldnt make a difference.. but you do have the option to put synoptic links in

and if it says e.g. what would the difficulties be of lalala.. you state the difficulties.. but then you must balance it as well looking at maybe how the firm may be able to deal with these difficulties and may as a result advantage if you get me
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bishaldo
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#317
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#317
Contingency planning (Would be great if someone could tell me if this is the same as corporate planning)

Methods of corporate planning:
Finical- sets funds aside for times of future crisis
Production- have flexible workfoce, number of locations to work from (although this can be dis economies of scale), specialist staff avialalbe in different areas for when a problem occurs. Diversification means that a business would not be solely reliant on one product, if there is an internal or external problem with a product then a business has a form of back up good to sell. Turn to a system of total quality control
Human Resources management- Consultation must be avaialbe in times of crisis as well as standard greviance procedures
Image- Have instant reaction to crisis by marketing to customers/potential customers showing that problems have been dealt with.
Management- need strong leaders in times of crisis. May switch to a democratic (Mcgregor theory y) approach so that employees have more say in the business and could have useful input which would stop such problems having a bad effect on the business again in the future.
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fizzydizzy
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#318
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#318
(Original post by bishaldo)
Contingency planning (Would be great if someone could tell me if this is the same as corporate planning)

Methods of corporate planning:
Finical- sets funds aside for times of future crisis
Production- have flexible workfoce, number of locations to work from (although this can be dis economies of scale), specialist staff avialalbe in different areas for when a problem occurs. Diversification means that a business would not be solely reliant on one product, if there is an internal or external problem with a product then a business has a form of back up good to sell. Turn to a system of total quality control
Human Resources management- Consultation must be avaialbe in times of crisis as well as standard greviance procedures
Image- Have instant reaction to crisis by marketing to customers/potential customers showing that problems have been dealt with.
Management- need strong leaders in times of crisis. May switch to a democratic (Mcgregor theory y) approach so that employees have more say in the business and could have useful input which would stop such problems having a bad effect on the business again in the future.
thanks alot
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bishaldo
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#319
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#319
You're welcome : ). What you looking to get in the exam ?
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xxClarexx
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#320
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#320
Decision trees, im not going to ask how to draw it but what can you say about it!
its the first question for the Royal Supermarket Ltd.
Q1) RS ltd. began its Internet coffee business on the basis of a decision tree. Assess the usefulness of such a decision making strategy in this case.?
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