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End of Year A level Business AQA 7132 Flashcards | StudBud
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End of Year A level Business AQA 7132
End of Year A level Business AQA 7132
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#business #aqa #7132
Flashcards
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Questions
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Answers
1
Who is this?
Mark Carney
John Elkington
Larry Greiner
Charles Handy
2
What is number 4 on Bowman's strategic clock?
Hybrid
Increased price/low value
Differentiation
Low price/low value
3
Differentiation vrs diversification?
Standing alone vrs Standing out
Standing out vrs Standing alone
Standing up vrs Standing down
Standing tall vrs Standing small
4
The 2 axes on the Boston matrix are...
market growth and sales
market share and sales
market share and market growth
market share and price
5
The following are examples of a scientific decision making approach
Having a hunch
Investment appraisal
Being stuck in the middle
Following your gut feeling
6
What is the meaning of focus group in customer service?
a demographically diverse group of people
they provide ongoing feedback the product/serivce
All of the above!
They get together to discuss a product before its launch
7
Market size is....
Volume of all sales in the market
Volume or value of all sales in market
Volume/value of one firm's revenue
Value of one firm's sales
8
Who is this?
Igor Ansoff
Abraham Maslow
Geert Hofstede
Charles Handy
9
In what industry did Lean Manufacturing appear first?
The automotive industry
The meat industry
The corn industry
The textile industry
10
Profit for year margin =
current assets : current liabilities
NCL/TE + NCL x 100
Labour costs/units of output
profit for year/sales revenue x 100
11
What is a best practise for Operational Excellence?
Incremental changes
Cost effectiveness
Scaling
Follow Change Management process
12
Who created theory X and Y?
Douglas McGregor
William Ouchi
Douglas McGregor & William Ouchi
Douglas William
13
Gross profit =
gross profit minus expenses
revenue minus cost of sales
net profit Plus finance income
total revenue minus total contribution
14
Culture is......
the religion & way of life of a group of people
ideas, customs & behaviour of a group of people
about where your family is from
about what your family believes
15
Calculate the ARR for the following investment:
5%
25%
35%
15%
16
Calculate NPV
£278,500
£28,500
£192,093
£100,000
17
In lean manufacturing, all employees are involved in ____________________.
quality control
marketing
testing
engineering
18
Inventory turnover =
receivables/sales revenue x 365
labour costs/units of output
current assets : current liabilities
Cost of goods sold/average inventories held
19
Stakeholder mapping - Keep satisfied is showing
high stakeholder power and low stakeholder interest
low stakeholder power and low stakeholder interest
low stakeholder power and highstakeholder interest
high stakeholder power high stakeholder interest
20
'SPICED' stands for what?
strong pound inflates cost exporting donuts
strong pound imports cheap exports dear
Ronnie does... he knows everything
super profit income costs extra data
21
YED =
% change in qu / % change in price
% change in price / % change in income
% change in y / % change in quantity demanded
% change in quantity demanded / % change in Y (income)
22
STP
Segmentation, time frame, positioning
Segmentation, targeting , promotion
Socio economic, targeting , positioning
Segmentation, targeting , positioning
23
Role analysis is also known as _______
JON ENRICHMENT
JOB ENLARGEMENT
JOB EVALUATION
JOB ANALYSIS
24
High geared is....
between 25% and 50%
> 50%
below 25%
50%
25
Market capitalisation =
VC per unit x number of units sold
Current assets : current liabilities
price x quantity
number of shares issued x current share price
26
This man conducted an experiment called "The Hawthorne Effect"
Mayo
Taylor
Maslow
Herzberg
27
Which business objective would a market leader typically adopt?
Employee Welfare
Survival
Social objectives
Profit Maximisation
28
Elkington's Triple Bottom Line is
Planet, penetration, promotion
Planet, People, Profit
Planet, Place, penetration
Planet, People, Physical resources
29
What was Dr.Deming known for
Creator of Excel
continual improvement of quality
Creator of 6 sigma
Maker of Toyota
30
Ideal answer for the current ratio
1:5 - 2:5
8:1 - 10:1
1.5 - 2:0
2:1 - 3:1
31
What does Operational Excellence mean to you ?
Supporting Functions, System & Processes
Supply Chain Effectiveness
Manufacturing Excellence & Safety Performance
All of the above
32
Profit =
net gain = expected value - initial cost
variable costs - fixed costs
total contribution/fixed costs
selling price x number of units
33
What were Porter's five forces?
Model to help business decide the best strategy
Model of portfolio analysis
Model of corporate strategic development
Model to help businesses get & sustain competitive advantage
34
A
disadvantage
of flow production would be...
Initial costs are high and investing money is risky.
Initial costs are low
can lead to too many leaders
the company can become more efficient
35
What is not part of Porter's Five Forces?
Market Penetration
Power of Customers
Threat of Non-Completion
Power of customers
36
On the Tannenbaum Schmidt Continuum what is number 3?
Manager permits subordinates to function within limits
Manager presents tentative decision subject to change
manager presents ideas and invites questions
manager makes decision and announces it
37
Who is this?
Jason Harle
Igor Ansoff
Larry Greiner
Michael Porter
38
On the Blake Mouton Grid a Country Club managers shows
High concern for people and high concern for the task
High concern for people and low concern for the task
Low concern for people and low concern for the task
Plays Golf every day
39
A market segment is...
A business owner
The people who buy your product
An area of the market the business sells in
A group of customers with similar buying habits
40
What is lean manufacturing?
It's related to manufacturing products for skinny people
It aims to reduce waste in all areas (time, costs, etc)
Explores production processes from all angles and directions
Manufacturing that isn't flexible or responsive to demands
41
Kaplan and Norton creates which framework?
Theory X and Theory Y
Hard and Soft HRM
Balanced Scorecard
Core Competences
42
Flow Production is a production process where...
items stop and start due to waste
an item moves continuously along the production line.
items are made individually by one employee.
items are made in batches.
43
...are NOT examples of CSR.
minimising waste and pollution
providing fair wages
providing fringe benefits for employees
giving a fair price to suppliers
44
What innovation was pioneered by Toyota?
Process
Kaizan
Sustained
Disruptive
45
Automation is a production process ....
that involves automatic systems
that always needs a large workforce
that is used in car manufacturing
that involves machinery usually controlled by a computer
46
On the Blake Mouton Grid a team leader shows
low concern for task, low concern for people
High concern for people, low concern for task
high concern for task, high concern for people
is Middle of the Road
47
7 Ps - which one is the odd one out?
Price
Product
People
Penetration
48
Break even formula
Fixed costs / selling price minus variable costs
Total costs = total profit
Total fixed costs / variable cost minus selling price
Total variable costs /units
49
Hackman and Oldham's model of job design include the below, except?
Task Significance
Feedback
Autonomy
Hygiene factors
50
Which of the following is not featured on the Ansoff Matrix?
Product Penetration
Market Development
Product Development
Market Penetration
