Business Pop Quiz

sternn

nedward wrote:

List three opportunities and two costs to businesses of change.

Opportunities:

• New and larger market in which to sell (expansion)
  
• New products (expansion)
  
• Access to more finance (changing from a private limited company to a public limited company)

Costs:

• Expensive (takeovers) and may not be successful
  
• Can lead to redundancies due to job multiplication (mergers)

Q: Define deregulation

Seinas

sternn wrote:

Q: Define deregulation

Deregulation refers to a reductions in regulations and Government interference in business activitis.



List 4 objectives of the CAP

sternn

Seinas wrote:

List 4 objectives of the CAP

1. create a single market for agricultural products, with common prices for each member state
   
2. grants for new machinary to increase productivity
   
3. all excess products were bought by the EU and were sold at very low prices to world markets or destroyed (called intervention)
   
4. to guarantee prices of goods

Q; Explain sales promotion

Enemy Of Fate

Seinas wrote:

Deregulation refers to a reductions in regulations and Government interference in business activitis.

Eh?No it doesn't.Its the attempted removal of barriers to trade between countries (ie free trade).The World Trade Organisation (set up in 1995 and replaced GATT) is the largest advocator of dergulating markets.

Meh.That second sentence could be worded better, but I'm too **** tired.Why are business and history on the same ****ing day?!I've been studying since like 9:30 this morning.

Seinas

Enemy Of Fate wrote:

Eh?No it doesn't.Its the attempted removal of barriers to trade between countries (ie free trade).The World Trade Organisation (set up in 1995 and replaced GATT) is the largest advocator of dergulating markets.

meah... my book says that... Global Business.....:mad:

but ReviseWise is more towards your answer???

nedward

Sales promotion is the use of attention-grabbing techniques to attract consumers and increase sales e.g. buy one get one free, 33% extra free free gifts etc.
Sales promotion is widely used by drinks companies as a way of raising awareness of existing drinks and introducing new products. Guinness are particularly good for a free pint.


PS Look over controlling. Management Activity not up since 2001 and controllong has never been asked. Give me a definition of controlling.

cson

Controlling The process of checking performance, comparing it to standards or targets set beforehand and taking corrective action when required. E.G: Stock Control, Credit control

Outline;
(1) Functions of Data Controllers
(2) Data Protection Act 1988
(3) Data Protection Commissoner

30 marks - 10 each

This hasn't been up in years either.

nedward

cson wrote:

Outline;
(1) Functions of Data Controllers
(2) Data Protection Act 1988
(3) Data Protection Commissoner

30 marks - 10 each

This hasn't been up in years either.

Functions:
Make sure data is complete and truthful
Ensure data is up to date
provide data subject with copy of data if requested

Data protection Act set out to protect subjects of data held electronically.

Commissioner
Codes of good practice
Keep a register of data controllers
Issue enforcement notices
Issue prohibition notices
Issue information notices

Decisions of the Data Commissioner can be appealed to the Circuit? Court within 42 days.



Give a definition and state the advantages of market research.

sternn

nedward wrote:

Give a definition and state the advantages of market research.

Market research is the process of collecting and analyzing information about the target market of a product or service.

Advantages:

• Ensures the product/service meets consumer needs
• Saves money by stopping the development of a product that will be unsuccessful/ not wanted in the marketplace
• It quantifies the market and identifies the target market

Q: Identify and explain the 4 factors of production.

Bluefox21

lol not explaining them but isnt it enterprise capital land and uh oh whats the last...is it employees or something like that

TommyK_The-DJ

Land, Labour, Capital and Enterprise



Q. Differentiate between the roles of the Area Partnership Businesses and the Leader programme.

PLEASE!!