business studies random questions

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  • Created by: geogt002
  • Created on: 22-04-17 15:12
examples of mutual companies
building societies,cooperatives,housing associations,credit union,football supporters trusts and community mutals.
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what are unit costs?
A unit cost is the total expenditure for a company to produce, store and sell one unit of a particular product or service. this includes all fixed costs, or overhead costs, and all variable costs, or direct material costs and direct labor costs.
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what are units costs influenced by?
how many units can be made with available resources,how efficent the work force are,how efficient machinery is, how easily variable costs can be controlled.
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why is having an organisational structure so important?
because it allows employees to be able to see who to go to. order.
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give one benefit of widening a span of control...
staff feel more empowered as they have more independence.
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can an organisation have a span of control that is too wide?
yes because subordinates may not be experienced enough to make certain decisions. too independent.
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Is a wedding dress manufacturer capital or labor intensive?
labor
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Is a boat manufacturer capital or labor intensive?
capital
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Is a electric componenet manufacturer capital or labor intensive?
capital
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what do businesses do sponsorship deals?
because it reassures people about a product and attracts peoples interest towards it.
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what is a marketing directors job?
to anticipate consumer wants, satisfy customer wants, meet needs of the business.
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Other cards in this set

Card 2

Front

what are unit costs?

Back

A unit cost is the total expenditure for a company to produce, store and sell one unit of a particular product or service. this includes all fixed costs, or overhead costs, and all variable costs, or direct material costs and direct labor costs.

Card 3

Front

what are units costs influenced by?

Back

Preview of the front of card 3

Card 4

Front

why is having an organisational structure so important?

Back

Preview of the front of card 4

Card 5

Front

give one benefit of widening a span of control...

Back

Preview of the front of card 5
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