Identify two effects on a company of a high number of workers leaving the business each year
Additional training costs, Additional recruitment costs, Time taken to recruit new employees
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15
Outline two reasons why โTaylorโs theory of motivation might not workโ at a company
Financial rewards might not motivate workers because they enjoy what they do, Non-financial factors might be more important e.g. Being able to work part time
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15
Identify two methods that a company could use to communicate with its customers.
Email, letter, meeting, phone, facetime/skype, text/sms, social media
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thief
Give points!
5
10
15
20
25
rocket
Go to first place!
Okay!
gift
Win 25 points!
Okay!
banana
Go to last place!
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15
Explain two non-financial methods that might use to increase employee motivation.
Offer fringe benefits Job rotation, Team working, Training
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15
Identify two ways to measure the size of a business
Sales value OR value of output OR revenue, Capital employed, Value of balance sheet, Market share
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15
Define โprivate limited company.
Businesses owned by shareholders buy they cannot sell share to the public
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15
Identify two stages in recruitment.
Job analysis /identify a vacancy, Job description, Person / job specification, Advertising, Shortlisting, Interview, Selection
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15
Name examples of the business activity in tertiary sector.