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GCSE Business Studies > Year 11 > Flashcards

Flashcards in Year 11 Deck (16)
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1

Why do we recruit new staff?

•handle more customers
•expansion
•increase production
•efficiency as it speeds things up

2

Stages in recruitment process are...

job advert
job description
person specification
cv's
interview
references
job offer

3

how can a business differentiate itself (EasyJet)

offer more leg room-customers will have more enjoyable experience and will choose easyJet over other competitors as this is unique selling point ect
APPLICATION IS KEY

4

Why should a business treat staff fairly?

lower staff turnover
better ethical reputation
more motivated staff
higher productivity
higher staff retention

5

What can't a business discriminate on?

Age
Race
Sex
Disability

6

Why is training important

higher efficiency as staff are more comfortable in their postition
leads to more consistent good quality customer service
this means customers will return

7

What is Maslow's hierarchy?

a diagram showing the needs of staff with basic needs like safety and physiological needs like freinds and self esteem boosts

8

How can you motivate staff?

Having per sale pay rates such as piece rates where one is payed per item made motivating them to make more products

Praise and teamwork increases motivation

9

Why is improving cash flow important?

•business will run out of cash otherwise
•won't survive in short term
•without cash they can't improve/grow

Offer more important alternatives for balance such as the marketing mix and product innovation

10

Why is improving cash flow important?

•business will run out of cash otherwise
•won't survive in short term
•without cash they can't improve/grow

Offer more important alternatives for balance such as the marketing mix and product innovation

11

why are organisational structures important?

•improved communication what leads to higher efficiency
•lower staff turnover as they are less stressed and job is easier
•can however led to confusion if over done

12

Why is communication important?

•helps prevent miscommunication
•tasks done easier due to clarity
•accurately done tasks gives the customer good impression-repeat purchase

13

what is meant by the term ethics?

how a business behaves and treats the environment and its employees

14

Why is ethics important?

gives the business:
•unique selling point
•better reputation
•lower legal dispute
•higher trust and lower staff turnover

disadvantages however are high costs and higher prices for customers and sometimes it doesn't make a difference to profit as if economy is bad people don't care about environment ect.

15

What is a pressure group?

organisations that support causes such as workers rights, the environment and animal welfare

16

How do businesses effect the environment?

traffic congestion and all pollution types in the short term while in the long term climate change and resource depletion will occur