unit 3 building a business

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1. what is a fixed cost?

  • this is the fixing cost for equipment
  • these are costs that don't change with output
  • these are costs that change with output
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2. what is quality assurance

  • this is step by step management which checks the quality of the product throughout the making of it.
  • this is checking the quality of the product at the end

3. how can you improve cash flow?

  • you pay the staff better wages
  • you have to make the outflow decrease by minimising wages/bills etc.
  • you increase the outflow

4. whats quality control?

  • this is making sure the product is of a high standard. and checking the productivity of the product at the end
  • step by step management in checking the quality

5. who invented the hierachy of needs?

  • maslow, his thoughts being that workers work in order o be able to climb further up the hierarchy
  • herzberg
  • harry potte

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davidsalter

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A handy resource to check progress and make a change during a period of revision. Some of the questions are quite tricky and it will highlight areas that still need to be revised.

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