-capacity utilisation Study guides, Class notes & Summaries

AQA A level Business 3.4 (Operations) Questions and Answers Rated A+ What is operations? The part of a business organisation that is responsible for producing goods or services in a timely, effective and profitable way. What are the values of setting operational objectives? Effectively managing operations allows a business to: Control production costs Adds value to products Guarantees the right level of service and quality Adapts to customer needs. What are the internal influences on operation...

MAC3701 EXAM REVISION PACK.100% CORRECT questions, answers, workings and explanations. Whatsapp +25277 067 1186 for assistance.Section A Multiple Choice Questions 1. A common business decision is the make/buy decision where a manager must choose between buying an item or manufacturing it. The company must evaluate both the qualitative matters, as well as the quantitative matters that deal with costs. The following statements were made by a manager regarding qualitative matters which wil...

2023 NEW Pearson Edexcel A-level Business Unit 2 Revision Notes(WBS12) Pearson Edexcel Business IAS Complete Revision Notes Unit 2: Managing Business Activities (Paper/Unit code: WBS12) created by phenomenotes MULTI-CHAPTERS;CHAPTER23-43 Course Structure CHAPTER: 23- Planning 3 24- Internal Finance 4 25- External Finance 6 26- Forms of Business 10 27- Forms of Business: PLCs 14 28- Liability 16 29- Sales, Revenue & Costs 19 30- Sales Forecasting 21 31- Br...

Well-structured OTE2601 Assignment 2 (ANSWERS) 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .......... QUESTION 1 Every entrepreneur has certain expectations and goals when choosing a business. 1.1 What is a close corporation in business? Give one examples. (5) 1.2 You are a Grade 7 teacher leading a discussion on the different kinds of franchising. 1.2.1 What are the issues to consider when discussing about capital requirement for a ...

AQA A Level Business Unit 4 Key Terms 100% Correct Operations management the process that uses the resources of an organisation to provide the right goods or services for the customer. Operational objectives Specific, focused targets of the operations management function within an organisation. Unit cost The cost of producing one unit of output. it is calculated by the formula: unit cost = total cost / units of output Quality Those features of a product or service that allow it to satisfy (or...

CIPS LATEST UPDATE WITH COMPLETE SOLUTIONS Tender Process Determine style of tender Prepare invitation -include info so all bidders understand the need and send a suitable bid Send ITT using suitable platform Receive bids - any bids after deadline date should be disregarded. Evaluate the bids. Check they meet the required expectations, disregard bids that are incomplete or bids that are not the correct standard. Evaluate the bids against the criteria and score. Use a cross functional...

AQA A Level Business Studies - BUSS2 Latest 2023 Graded A+ Budget An agreed plan, establishing, in numerical and financial terms, the policy to be pursued and the anticipated outcomes of that policy SMART How budgets must be: Specific Measurable Agreed Realistic Timed Variance Analysis The process by which the outcomes of budgets are examined and then compared with the budgeted figures Favourable Variance When costs are less than expected, or revenue is more than expected Adverse Variance Wh...

Break Even When a business generates just enough revenue to cover its total costs Break-Even Point the point at which the costs of producing a product equal the revenue made from selling the product Contribution The amount of money left over after variable costs have been subtracted from revenue. The money contributes towards fixed costs and profit. Margin of Safety the range of output between the break even level and the current level of output, over which profit is made. Contribution p...

2023 NEW Pearson Edexcel A-level Business Unit 2 Revision Notes(WBS12) Pearson Edexcel Business IAS Complete Revision Notes Unit 2: Managing Business Activities (Paper/Unit code: WBS12) created by phenomenotes MULTI-CHAPTERS;CHAPTER23-43 Course Structure CHAPTER: 23- Planning 3 24- Internal Finance 4 25- External Finance 6 26- Forms of Business 10 27- Forms of Business: PLCs 14 28- Liability 16 29- Sales, Revenue & Costs 19 30- Sales Forecasting 21 31- Br...

CIPS Tender Process - correct answer Determine style of tender Prepare invitation -include info so all bidders understand the need and send a suitable bid Send ITT using suitable platform Receive bids - any bids after deadline date should be disregarded. Evaluate the bids. Check they meet the required expectations, disregard bids that are incomplete or bids that are not the correct standard. Evaluate the bids against the criteria and score. Use a cross functional team so the process is fa...