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WorksheetsBusiness Edexcel A level unit 1 iii) revision
Total questions: 15
Worksheet time: 5mins
Viral marketing is a social trend in
price
product
promotion
place
Which distribution channel is likely to result in a higher price for the consumer ?
1
2
3
right
left
(a)
With a budget of £20,000, a firm has to choose either to buy a new van or buy a new computer system.
This is an example of a trade-off
This is an example of an opportunity cost
Light blue (bottom left) = problem child
Light blue (bottom left) = cash cow
Light blue (bottom left) = star
Light blue (bottom left) = dog
Pink = cash cow
Pink = dog
Pink = problem child
Pink = star
Price is reduced from £40 to £36 .
Percentage change in quantity demanded = 15%.
PED =
- 0.67
- 1.5
- 4
- 6
Making the job more complex and challenging (non financial motivation)
Job e...........................
enlargement
extension
enrichment
entertainment
A narrow span of control =
less supervision of subordinates
more supervision of subordinates
a cheaper salary bill
a flatter organisational structure
A reason for using a skimming price strategy :
maximising sales volume
to meet a profit satisficing objective
to maximise market share
to recoup costs of research and development
Scientific management, one-best way, refers to which motivation theorist ?
Mayo
Maslow
Taylor
Herzberg
A worker who loses their job due to automation has been made r (a)
Highly skilled, creative workers are most likely to prefer :
an autocratic leadership style
an authoritarian leadership style
a paternalistic leadership style
a democratic leadership style
above relates to : external recruitment
above relates to : internal recruitment
