Aqa~Unit 6~Business Studies~Official Watch
Aah I see you have applied to ASton as your firm for Business Management. Thats where I reaaaaaaaaaaaaaaaaaaally wanted to go but I messed up my form putting Huddersfield 1st (it should have been insurance as it has lower grades) so now even if I get the grades for Aston I have to go to Huddersfield, doh!
I fell in love with the uni when I was there though *sigh*
If you really want to go you may still be able to phone up Aston, ask them if they will accept you if you get released from Huddersfield and if they say yes, then you need to phone Huddersfield and ask to be released, which they will of course do (they dont want people there who dont want to be there obviously)
However, it would mean you had no insurance, so if you miss the grades be prepared to go through clearing.
Aston DID have spaces, because almost all of there courses were in extra this year.
oh, and can someone explain the link between inflation and interest rates briefly please?
The linkage between these two variables are what determine the economy condition of a country. Inflation means a general increase in the prices of goods, and decreases of the value of the currency. There are two types of inflations which i know of that may occur in the business cycle.
Cost-push inflation : this is type of inflation is caused by the rises of the cost of the raw materials and the costs of the goods. In this circumstance, businesses normally cut back investment projects, and consumer divert to inferior goods ( cheaper goods). The govt is most likely to interven and set a suitable budgetary policy known as deficiet budget ( the expenditure is higher than taxation) to boost business confidence and increase the demand, govt set a lower interest rate aswell.
Demand-pull inflation: This occurs during a boom when the demand exceeds the supply of goods.. so businesses increase their prices to minimise the demand. The government also intervens to control the economy by setting the interest rate high, in consquence the consumer will be attracted to save their money, so eventually it decreases the demand. the govt also sets a budgetary policy known as a budget surplus ( govt's taxation is higher than it's expenditure).
There is also a link between inflation and the value of the currency in terms of other currency( the exchange rate).
Hope that will help!!
I hope to god that government intervention and monetary / fiscal policy doesnt come up
Such bad topics!
Noo .. that's the topic which I am good at !! I hope it will come up !!
Always try to comment on what it depends on
"It depends upon..."
the nature of the business
the objectives of the business (sales or profit)
The resources available
The culture of the business
Time scale (short term or long run)
Then expand further "it depends on X because..."
Then try to come to a conclusion if you have to. (which factors are more important)
I think you really need to consider the business when doing this.
Hope that sort of helps!!
anyone know what spot and forward markets are ?
I never heard of them!!
yehhh me neither just reading over a page in this text book iv got and it says the organisation could use spot and forward markets to guard against currency fluctuations lol hopefully this won't come up
Good luck everyone in your exam. Remember to show Knowledge, Application, Analysis and then Evaluate, Evaluate, EVAULUTE! EVALUTION!!
You know, there are some people in my college who actually hope others do bad, just so they get a higher UMS. But me, i really hope everyone does their best.