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Question: BUSINESS A-LEVEL - SECTION 1 SAMPLE (SHORT ANSWERS)
1. Distinguish between piece rate and commission payment methods [2]
2. Briefly explain labour productivity and capital productivity [3]
3. Define the term ‘holding companies’. [2]
4. Briefly explain the difference between redundancy and dismissal. [3]
5. Define the term ‘job enrichment’ [2]
6. Explain the responsibilities of the local community towards business. [3]
7. Explain one difference between private and public limited companies. [2]
8. Briefly explain how entrepreneurs could benefit your country. [3]
9. Define the term ‘job enrichment’. [2]
10. Explain ‘the transformation process’. [5]
11. Explain two diseconomies of scale a business could experience when expanding into more locations. [5]
12. Explain the importance of a mission statement to the employees of a public limited company. [5]
Answer: SECTION 1 SAMPLE (SHORT ANSWERS)
1. Piece rate is a payment to a worker for each unit produced. A rate is fixed for the production of each unit, and the workers’ wages therefore depend on the quantity of output produced. (1 mark)
Commission is a payment often to a sales person for each sale made, often a proportion of the value of the sale. This is most frequently used in personal selling where the salesperson is paid a commission or proportion of the sales gained. (1 mark)
2. Labour intensive methods of production involve a high level of labour input compared with capital equipment. These type of production methods are appropriate because of the marketing advantage of a hand built image or due to lack of finance. (1 ½ marks)
Capital intensive methods of production involve a high quantity of capital equipment compared with labour input. Many industries that supply mass-produ...(short extract)
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- Subject: Business Studies
- Course: Business
- Level: A-Level
- Year: Not applicable
- Mark: Not available
- Words: 1569
- Date submitted: April 30, 2017
- Date written: Not available
- References: No
- Document type: Essay*
- Essay ID: 7941
