colegio victoria Flashcards

(28 cards)

1
Q

why do buisness’s recruit and select?

A
  • to replace staff who have left or been promoted
  • bring in staff with new skills
  • recruit more staff as buisness expand
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2
Q

Dissmisal

A
  • Employee is told to leave because of bad behavior

- told to leave because the buisness dosent need an extra worker

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3
Q

what are market changes

A
  • consumers taste and fashion change
  • new technology being developed
  • changes in consumers income
  • aging population
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4
Q

what is induction training

A

-induction training to give to a new employee explining the companies activities and procedures

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5
Q

why join a trade union?

A
  • improved conditions of employent
  • improved worked evinroment
  • job satisfaction
  • financial support
  • strength in number
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6
Q

what is a trade union?

A

group of workers who have joined together to ensure theyre interests are protected

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7
Q

what are the disadvantages in a trade union?

A
  • cost money to be a member

- maybe forced to take action

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8
Q

what is the role of marketing

A
  • identify and satisfy costumers needs
  • keep customers loyal
  • gather information about customers
  • recognise how customers needs are changing
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9
Q

Marketing goals

A
  • develop products that meet customers needs and wants
  • promoting products to customers
  • increase sales
  • target a new market
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10
Q

what are changes buisnesses need to respond to?

A
  • Globalisation Businesses can sell their products worldwide
  • Better transportation allows products to be distributed all over the world
  • Internet e-commerce (online shopping) allows customers to purchase goods from around the world
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11
Q

what are things employees need to be protected from?

A
  • Unfair discrimination at work and when applying for job
  • Wage protection (e.g. minimum wage)
  • Health and safety standards
  • Unfair dismissal
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12
Q

why might a buisness need to reduce the size of workforce?

A
  • automation (machines replace humans)
  • factory/shop closure
  • business relocating
  • demand for goods/services falling
  • business merging
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13
Q

how to decide who is made redundant?

A
  • Some workers may volunteer because they might have planned to leave anyways.
  • Lenght of time worked (employees who have worked there for a long time can stay)
  • Workers with good skills remain
  • Worker’s employment history (e.g. behavior / performance of employee)
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14
Q

what is on the job training?

A

Experienced worker teaches new worker how to do the job.

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15
Q

what are the advantages of on the job training?

A

Advantages

  • Training is cheap
  • Training is specific for their job
  • Work can be done while training
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16
Q

what are disadvantages of on the job training?

A

Disadvantages

  • The trainer will not be getting work done.
  • Training won’t be effective if the trainer is bad
17
Q

what is off the job training?

A

Training taking place off the job (not being trained while doing job)

18
Q

what are the disadvantages of off the job training?

A

Disadvantages

  • Off the job training is expensive
  • Worker may receive training paid by business and leave
  • Training may not be specific for the job
19
Q

leadership style

A

There are 3 main leadership styles – Autocratic, democratic and laissez-faire

20
Q

what does the autocratic leader do?

A

Autocratic – Leader is in charge and gives orders to employees
Makes decision alone
Everything depends on the leader

21
Q

what does the democratic leader do?

A

Democratic – Other employees involved in decision making

Communication between managers and employe

22
Q

what does the laissez faire leader do?

A

Laissez-Faire – “let it be” Leader sets objectives and employees makes decision and organise their own work.

23
Q

what are 3 ways to motivate workers?

A

Financial rewards

Non-financial rewards

Job satisfaction

24
Q

why do people work?

A

-Money

–People

-Esteem needs

25
what are all the types of leadership styles
- Authoritarian or autocratic - Participative or democratic - Laissez - faire or free reign - Charismatic
26
what is barter exchange?
it is the exchange of one thing for another without the use of money. It was used in the past before money was invented.
27
what are disadvantages of barter exchange?
- A double coincidence of wants has to occur for barter to take place. - An exchange rate has to be agreed. - Divisibility of goods is not always convenient. - Storage of wealth is difficult with the barter system
28
what are the factors of production?
- land - labor - capital - enterprise