unit 3 building a business

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  • Created by: kirsty
  • Created on: 15-05-13 17:02

1. what is a buffer stock for?

  • hygiene of the store
  • a buffer stock is a way of guaranteeing their is always stock in place but not too much of it, new stock will be delivered just as the old stock runs out.
  • storage for the stock
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2. why is repeat purchase so important?

  • because then we know the customer approves
  • it increases the amount of sales of the product and less risk of declining
  • because you get to know the customer

3. 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

4. what is meant by branding

  • a product with a unique character that differentiates them for instance in design or image
  • having a big company
  • being popular with the customers

5. variable costs

  • these are costs that do change with output
  • these are costs that stay the same
  • the cost of material
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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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