What is natural wastage?

when an employees leaves/dies an dis not replaced

What is workforce planning?

looking at what skills/staff you have and need

What is the definition of delayering?

removing one or more levels of the hierarchy

the strength of relationship between 2 variables

Whatis test marketing?

Launching the product in a small part of themarket

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BUSS3 Goodbye

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buss3 revision

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Questions 14

Answers

1
What does customers paying earlier than expected & sellingfixed assets for cash do 2 liquidity?
Make it deteriorate
Improveit
Have no effect
Add more risk to the business
2
What is the ideal acid test range
0.5:-0.7:1
1.5:1 – 2:1
0.75:1 – 1:1
2.5:1 – 3.0:1
3
What is natural wastage?
someone being made redundant
product waste through errors
when an employees leaves/dies an dis not replaced
environmental waste
4
InPorter’s Generic Strategies, what does cost leadership involve:
Broad market, differentiated product
Broad Market, Low cost product
Narrow Market, low cost product
Narrow market, differentiated product
5
Calculate Payback
3 year 6.64 months
4 years 1.24 months
3 year 10.68 months
3Years 1.24 months
6
Calculate ARR
8.2%
13.4%
28.9%
8.9%
7
In2010 the smartphone market was worth $2.3bn, in 2011 it was $3bn. What is themarket growth?
42.06%
76.67%
30.43%
23.33%
8
What is workforce planning?
deciding who will feature in promotion
meeting operational targets
looking at what skills/staff you have and need
deciding what strategy to pursue under Porter
9
What is the definition of delayering?
removing one or more levels of the hierarchy
removing the chief exec
adding levels to the hierarchy
changing job roles for employees
10
What type of ratio are these Payables, Stock turnover
Liquidity
Profitability
FinancialEfficiency
Shareholder
11
Correlationis…
a forecast by experts
an educated guess
using trends to look at potential forecasts
the strength of relationship between 2 variables
12
What is not an advantage of delayering
encourage motivation
lower costs
negative impact on motivation
more opportunities for lower-level staff
13
Calculate NPV
£17,200
£380,000
35%
£172,000
14
Whatis test marketing?
Trialling the product internally
Launching the product in a small part of themarket
the process of developing a marketing strategy
launching the product to the market 4 a shortperiod of time

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