Higher BM Prelim Quiz 23/24

Which type of growth if SEAT bought Arnold Clark?

Operations in manufacturing organisation are concerned with:

Corporation Tax has reduced by 5% is which PESTEC factor?

The purpose of having a SMS is:

The organisation in a particular market that have the most customers

Which company recently scrapped their bonus system for the first time since 1953

Which company introduced the scan and go app to all UK stores in November 2020?

Lead time is the time taken form placing an order to receiving the goods.

How many clothing and homeware stores did M&S close in 2019?

The increase or decrease in the size of a market for a product or service over time

Advantage or Disadvantage of JIT: Less chance of obsolescence/changes in taste or fashion

Methods to ensure good CSR:

The stage of the life cycle where the product suffers from too many competitors being in the market

Which type of growth if Condorrat Bakers bought George Asda clothing?

Which sector of the economy does the following firm operate?

A disadvantage of JIT is:

Private sector organisation which allows a business to sell rights to use their brand and sell products

At which stage should the business replenish stock

Quality control is where quality is checked at each stage in the production process

Boston Matrix - products w/low market growth and high market share

Where there are few levels of management within the organisation

Which UK supermarket has reportedly given suppliers until 10 July 2020 to agree price cuts.

Disadvantages of a product portfolio:

Stakeholder interest: I want job security and fair pay

Which type of integration if Starbucks bought a coffee farm:

This consists of businesses providing information and knowledge-based services

Aiming for a satisfactory or adequate result

Identify the extended marketing mix

Business deciding to grow on their own without getting involved with other organisations

Which company recently introduced 200 more click and collect shops?

Which of the following factors does not affect the corporate culture of a business

Method of inspecting raw materials or finished goods to check they are an acceptable standard at the end of the process

A salesperson sells products directly to a the customer, often by going 'door to door' or...

Consequence(s) of understocking

Which online retailer agreed to buy the online businesses of Oasis and Warehouse for £5.25m in June 2020.

CAD stands for:

The percentage of customers an organisation has from the whole market

Answering customer queries and ordering stationery - is which type of decision?

Shareholders/Board of Directors/Share issue own/control/fund which Sector of the Economy?

Government/Board of trustees/Taxpayers own/control/run which Sector of the Economy?

A decision made by middle management in the medium term

Operates as a business but reinvests any profit for the benefit of local community or customers

Which two stakeholders might have a conflict if VAT is increased?

This type of structure is used to group departments

Which company recently extending their product portfolio by diversifying into retail/fashion

Structure that involves an organisation being arranged into temporary project teams

An advantage of a decentralised storage system is:

A centralised storage system is where stock is stored in many difference locations.

EPOS allows automatic updates of stock records and automatic reorders

Which sector of the economy does the following firm operate?

Factors affecting pricing strategy

Organisation X is about better prices, decent working conditions, fair terms for trade for

What does CSR stand for?

Consequence(s) of overstocking

This QA process makes use of the best performers in the industry to set the standard

Identify the method of desk research

This consists of businesses that are involved in exploiting natural resources

Massive supermarkets which sells many goods and services under one roof

The price is set very low for a period of time to force out competitors

Changing VAT rates is which external factor?

The stage of the product life cycle when customer awareness and sales are increasing

Method where products are checked to see that they are of a high quality at each stage

CAM is used to:

Databases can be used for:

Stakeholder interest: I want repeat business and the business to pay its debt(s)/invoice(s)

Boston matrix - products that have a high market share in a high-growth market

Which organisation were recently fined £1.5m for paying below the National Minimum Wage?

Expand operations into 3 new countries next year - is which type of decision?

Advantages of a product portfolio:

The internet can be useful for operations by:

Impact of X extension strategy - changing the name of the product can create hype

Individual customer requirements cannot be met so may lose customers.

Production involves producing products that use machinery and equipment to produce products

Operations in manufacturing organisation are concerned with:

Staff are highly skilled staff so produce a high-quality product.

A cost of adopting a quality system/method

The price is set high to begin with and increases over time

A cost of holding too much stock may be:

The number of layers or levels within an organisation

Identify the internal factors