Flashcards on Advanced Business Studies Examination Paper
Advanced Business Studies Examination Paper: Your Study Guide
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Business Studies Examination Paper
20 cards
Card 1
Question: Name two types of businesses found in the private sector.
Answer: Examples include sole proprietorships and private limited companies (also partnerships and public limited companies in private ownership).
Card 2
Question: Explain an effect of corporate culture on a business.
Answer: Corporate culture shapes employee behaviour and attitudes, affecting motivation, productivity, customer service and consistency of decision-making wit
Card 3
Question: How might a merger of two giant shoe manufacturers impact consumers?
Answer: Possible effects include higher prices from reduced competition, fewer choices, potential improved product quality or innovation from combined resourc
Card 4
Question: Draw a typical example of a matrix organisational structure (describe its layout).
Answer: A matrix structure has dual lines of authority: employees report to both functional managers (e.g., finance, marketing) and to project or product mana
Card 5
Question: Give one advantage and one disadvantage of a matrix organisational structure.
Answer: Advantage: Encourages efficient use of specialists and better coordination across functions. Disadvantage: Can create confusion and conflict from dual
Card 6
Question: Assess the effectiveness of induction training to a car manufacturing firm.
Answer: Induction training helps new employees understand processes, safety rules and company standards quickly, improving early productivity and reducing err
Card 7
Question: Give two advantages of desk research.
Answer: It is typically quicker and cheaper than field research, and allows use of existing data for trend analysis and background information.
Card 8
Question: Why is research and development important to an airline firm?
Answer: R&D helps improve safety, efficiency, customer service and technologies (e.g., fuel efficiency, new services), keeping the airline competitive and red
Card 9
Question: Explain the importance of a promotional budget.
Answer: A promotional budget helps plan and control marketing expenditure, ensures resources are allocated effectively, and allows monitoring of return on pro
Card 10
Question: How is the Boston Matrix useful to a firm with a wide range of products?
Answer: The Boston Matrix helps categorise products by market share and growth (Stars, Cash Cows, Question Marks, Dogs), guiding resource allocation and strat