BA Flashcards
What is a disadvantage of grants and donations?
Grants and donations are often temporary and may not provide consistent financial support, making long-term planning difficult.
What are strict conditions and restrictions in grants and donations?
Many grants and donations come with specific guidelines on how the funds can be used, limiting flexibility in spending.
What is a time-consuming aspect of securing grants?
Securing grants requires extensive paperwork, research, and reporting, which can divert time and resources from core activities.
What is a challenge faced in securing grants?
Many organizations and individuals compete for limited grant funds, making it difficult to secure funding.
What is an advantage of training volunteers?
Proper training equips volunteers with the necessary skills and knowledge, allowing them to perform tasks more effectively and efficiently.
How does training impact volunteer confidence?
Well-trained volunteers are more confident in their roles, fostering a sense of ownership and commitment.
What is a disadvantage of developing training programs for volunteers?
Developing and delivering effective training programs requires an investment of time, money, and human resources.
How can training time affect volunteer service?
The time volunteers spend in training might reduce the time available for hands-on service.
What is a benefit of external recruitment?
External recruitment allows access to a wider range of candidates with diverse skills and experiences.
How does external recruitment introduce fresh perspectives?
Bringing in new talent introduces innovative ideas and alternative approaches that can drive organizational improvement.
What is a reason for filling skill gaps through external recruitment?
It helps in recruiting specialists and experts for roles where internal candidates lack the necessary skills or experience.
How does external recruitment provide a competitive edge?
Attracting top talent from outside the organization can enhance performance and provide a competitive advantage.
Why are customers attracted to charity shops?
Customers can find a range of products at lower prices compared to traditional retail outlets.
How do charity shops align with customer values?
Shopping at charity shops allows customers to support charitable causes, contributing to community welfare.
What benefit do suppliers gain by donating to charity shops?
By donating surplus or unused goods, suppliers address waste reduction and promote environmental sustainability.
How does donating goods enhance suppliers’ reputation?
It allows suppliers to support local initiatives and build stronger community ties as socially responsible businesses.
What is an advantage of selling online?
Online selling removes geographical limitations, enabling businesses to reach a global audience.
How does online selling reduce operational costs?
Compared to maintaining physical stores, online platforms can reduce overhead costs like rent and utilities.
What is a disadvantage of increased competition in online selling?
The online marketplace is highly saturated, leading to intense competition and potential price wars.
What is a technological requirement for selling online?
Selling online necessitates reliable technology infrastructure and robust logistics.
What is the primary aim of the private sector?
The primary aim is to generate profit for owners or shareholders by maximizing revenue.
What is the main goal of the public sector?
The main goal is to provide essential services to the public, such as healthcare and education.
How does the private sector focus on growth?
Businesses aim for growth, market expansion, and increased competitiveness to maximize returns.
What is the focus of the public sector regarding societal well-being?
The focus is on improving societal well-being and ensuring equal access to services.
