Business Assessment Flashcards

1
Q

State two factors of production

A

Land
Labour
Capital
Enterprise

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2
Q

Explain how TQM can help a business achieve better quality

A

Requires everyone to be working towards quality

Employees monitor their own work

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3
Q

State two benefits of induction training.

A
  • Helps the new employee feel supported
  • Helps the new employees
  • integrate with other employees
  • Learn key information about the business,
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