Unit 2: Managing business activities PART 2

if the value of a currency appreciates, what happens to the price of imports entering that country?

what happens during a downturn or slump?

the price of one currency expressed in terms of another currency  is...

Productivity can be improved through:

why may a businesses operate at less than 100% capacity utilisation?

what is a benefit of holding limited amounts of stock?

Capacity utilisation

A firm making 800 cars with 50 workers sacks 10 staff. Output is unaffected. What is productivity now?

Quality control is a "reactive" method, whereas quality assurance of "proactive"

Productivity can be defined as "output per unit of input per time period" 

efficiency can be defined as "production at minimum average cost "

income tax is a type of which tax?

what is a benefit of BATCH production?

how much stock is held as buffer stock?

if the value of a currency appreciates, what happens to the price of exports leaving that country?

______ production involves a business producing items that meet the specific requirements of the customer

what does TQM stand for?

according to tradingeconomics.com interest rates in Spain are currently set at 0%

Consumer prices in Spain fell 0.7 % year-on-year in April 2020

the image relates to which area of legisation?