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-*Business studies F292 SECTION A

Labour turnover

Movement of employees in or out of the business
Number of employees leaving a workforce
Number of employees employed
Disadvantages of high labour turnover
Have to recruit new workers so the process will be expensive and will have to pay additional

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Unit contribution

Total contribution = Total revenue ­ Total direct Cost

Just in time
It involves deliveries coming in just in time for when the business requires re stocking
Advantages of just in time
better cashflow because money is not tied up in stock
reduced waste and damage
more factory…


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