Exam On Monday Flashcards

(7 cards)

1
Q

Describe how a business you have researched is organised.
Name of business
Activities of business (2marks)

A

IKEA,Flat orgnisational structure, sells flat-pack furniture and home goods.Trofast storage combination with boxes.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

one advantage and disadvantage of ikea having flat organisational structure

A

Advantage: A flat organizational structure at Ikea promotes quick decision-making and better communication, as there are fewer layers of management.

Disadvantage: It can lead to role confusion or lack of clear authority, as there are fewer managers to provide direction.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Explain one way a business that you gave researched uses social media.

A

JD Sports collaborates with influencers like Chunkz, Harry Pinero, and other popular creators on platforms like Instagram, TikTok, and YouTube. New product launches like Nike Airforce 1,north face and supply and demand collections.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Explain two possible impacts on a business you have researched or not listening to the concerns of its employees.
Name of business
Activity of business
Impact 1
Impact 2

A

Amazon
Amazon sells Amazon Echo (Alexa) , Kindle, Fire TV Stick
Impact one-High Employee Turnover: If Amazon does not listen to warehouse workers’ concerns about long shifts and high workload pressures, they may feel undervalued and leave.

Impact 2 – Lower Productivity: feel overworked and unheard, their motivation may drop, leading to slower order processing and shipping delays. This can result in late deliveries, frustrated customers, and negative reviews, harming Amazon’s reputation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Analyse two ways in which a business you have researched could change its working practices in order to achieve sustainability
Name of business
Activity of business
Way 1
Way 2
Use a well known one (McDonald’s)

A

McDonald’s is a global fast-food chain that sells meals like the Big Mac® Meal, McChicken® Sandwich, Filet-O-Fish®, and McNuggets®.

Way 1 – Using Sustainable Packaging: McDonald’s could switch to fully biodegradable wrappers and paper straws for items like the Big Mac® and McFlurry® instead of plastic-based packaging. This would reduce waste and make the brand more eco-friendly.

Way 2 – Sourcing Sustainable Ingredients: McDonald’s could ensure that the chicken used in McNuggets® and McChicken® Sandwiches comes from farms that follow ethical and sustainable practices, reducing its environmental impact while appealing to conscious consumers.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

The actions of one functional area in a business are likely to impact on other functional area in the same business.
Explain how the action of one functional area has impacted on another functional area in a business that you have researched.

A

Business: KFC
Functional Area 1: Marketing
Functional Area 2: Operations

In 2016,KFC’s marketing team launched a major campaign promoting the “Zinger Burger”, which created a huge surge in customer demand. This action directly impacted the operations functional area, as the kitchen staff and supply chain had to adjust to meet the increased demand for specific ingredients, such as chicken fillets and buns.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Difference between private limited company and partnership.

A

Private limited company: Owned by shareholders, has limited liability, is a separate legal entity, more regulated, and continues to exist independently.

Partnership: Owned by two or more individuals, has unlimited liability, not a separate legal entity, less regulated, and may dissolve if a partner leaves or dies.p

How well did you know this?
1
Not at all
2
3
4
5
Perfectly