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For the next 3 weeks, we will have a question from each section of the following units:

For the next 3 weeks, we will have a question from each section of the following units:. Week 1 – Unit 1 Business organisations and management Week 2 – Unit 4 Marketing Week 3 – Unit 2 Human Resources. 1.1 Nature and Organisation of business activity.

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For the next 3 weeks, we will have a question from each section of the following units:

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  1. For the next 3 weeks, we will have a question from each section of the following units: Week 1 – Unit 1 Business organisations and management Week 2 – Unit 4 Marketing Week 3 – Unit 2 Human Resources

  2. 1.1 Nature and Organisation of business activity 1.1) List 4 functional areas within a business. (4) 1.2) Explain what activities take place in the following sectors: (3) Primary - Secondary - Tertiary – 1.3) What sector is the majority of the UK’s business and why? (3)

  3. 1.2 – Objectives, stakeholders and external environment 2.1) Provide 3 reasons why organisations have objectives. (3) 2.2) Write a suitable mission statement for this 6th Form campus. (2) 2.3) Provide 3 reasons and explanations of why businesses should be ethical. (3) 2.4) What is corporate social responsibility? (2) 2.5) List 3 internal and 3 external stakeholders of the world famous Ryde Tandoori. (6)

  4. 1.2 Continued Altair Incorporated has been operating in the pharmaceutical industry for over 50 years. Over the past 5 years, it has been conducting research to try and develop a vaccine to minimize the effects of malaria. No cure currently exists. Stakeholder anticipation has been considerable. Recent media reports suggest that Altair Incorporated is very close to manufacturing a prototype, called Zyra. Furthermore, the media speculation has revealed that Altair Incorporated is considering locating a new production facility in either one of two countries located in sub-Saharan Africa where malaria is most prevalent. If successfully patented, Zyra will guarantee Altair Incorporated substantial profits. Two potential countries have been identified as potential sites and have been code named Alpha and Bravo. The construction of each facility and product launch is expected to take one year, the patent will last for 5 years. Because of the high research and development costs, shareholders want Zyra to be brought to market quickly. Altair Incorporated also wants to set a fixed price for Zyra globally. However, some international pressure groups have been critical of pharmaceutical companies that have refused to conduct price discrimination. They have argued that it is unethical to charge high prices to customers who are at the greatest risk of malaria infection, but who can least afford them. 2.6) Analyse two possible conflicts that could arise between stakeholders if Altair sets a fixed price globally. (6 marks)

  5. 1.3 Organisational planning and decision-making 3.1) List 5 things that should be included in a business plan. (5) 3.2) What are these on a decision tree’s key? (3) 3.3) What does PEST stand for? (4) 3.4) What does SWOT stand for? (4)

  6. 1.4 Growth and the impact of globalisation 3.5) Economies of scale happens where efficiencies are created by increasing the scale of production. But what is diseconomies of scale? (2) 3.6) List and explain 3 ways a business can grow externally. (6) 3.7) What are 2 problems associated with globalisation for the host country? (2) 3.8) Discuss whether the problems associated with globalisation outway the benefits? (4) 3.8) What are the four formats of regional trading blocs? (4)

  7. Quiz Total = 66How did you do?By next week you need to prepare for the marketing quiz!

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