Business Unit 2

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What is included inemployee protection?
Working environment must be suitable for all, employers/employees deal fairly with one another, Diasbility discrimination act 1995
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What are the effects of emplyee protection?
decrease industrial action as conditions improved, equal opportunities, pick of candidates choose best suited for the job, motivation increases as conditions are improved
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What is included in environmental protection?
prevention of pollution/environmental destruction, climate change act 1995
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What are the effects of environmental protection?
costs of complying with legislation, reduction of potential environmental damage, less potential waste which saves the business money, positive branding for the business
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What is included in the competition policy?
ensures businesses are competing fairly, prevents monopolies and cartels, fair trading act 1973
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What are the effects of the competition policy?
improved quality, lowering prices to compete brings down profit, fairer competition, easier market entry for small businesses
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What is included in the consumer protection?
prevents the exploitation of customers, consumer credit act 1974
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What are the effects of consumer protection?
increase costs of production, reduction in waste, improved quality of services/products
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what does Kaizen involve?
continuous imprpvement, increased productivity levels, highlights business' inefficiencies, engineers so done effectively, staff are motivated as they are achieving their targets, allows advantage over competitors productivity output
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Why is quality important?
businesses reputation, added value, more profitability, sell more of your product, free promotion of product through word of mouth, USP, returning and loyal customers
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What are the costs of poor quality?
no advantage over competitors, loss of revenue, no returning customers, bad reputation, loss of profitability
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How can quality be measured?
number of complaints, level of customers compared to competitors, feedback forms, quality tests before product released, level of product return, surveys/questionnaires, compare to previous products or comepetitors
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what are the benefits of buffer stocks?
cushion to fall back on, reliable for supermarkets, provides security for production, provideas an efficient production flow, may allow to cope with demand, economies of sclae so cheaper to bulk buy, more power over suppliers, reduce additional costs
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what are the drawbacks of buffer stocks?
may cost to keep in storage, may have surplus with stock if never touch it, may not be enough to cover sudden demand at peak times, cant have with certain items due to dates(obsoletion), security costs, insurance costs, administartion costs
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What are the benefits of just in time?
works for businesses that have a lean production process, improves cash flow, reduces waste being obsolete and damaged stock, more factory space for productive use, costs of stockholding are reduced, links with and control of suppliers are improved
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What are the drawbacks of just in time?
increased administration and ordering costs, advantages of bulk buying may be lost, vulnerable to break in supply and machinery, difficult to cope with sharp increases in demand, possible loss of reputation if customers are let down by late delivery
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Card 2

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What are the effects of emplyee protection?

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decrease industrial action as conditions improved, equal opportunities, pick of candidates choose best suited for the job, motivation increases as conditions are improved

Card 3

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What is included in environmental protection?

Back

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Card 4

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What are the effects of environmental protection?

Back

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Card 5

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What is included in the competition policy?

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