Business Studies HSC Flashcards
What is the benefit to an Australian clothing company of outsourcing its manufacturing overseas?
It can lower human resource compliance costs.
Voluntary separation
Voluntary separation may take the form of:
Retirement: where the employee has decided to give up full time or part time work.
Resignation: where the employee leaves for reasons such as desire for change or moving interstate.
Dismissal
The employer telling the employee they no longer have a job. For example: fire an employee with or without warning for their behaviour. fire an employee because they are not performing their job to the level required.
Layoff
Layoff
An involuntary separation from work through no fault of employees, often initiated by the employer for economic reasons to cut costs.
A latoff differs from a firing for cause such as unacceptable workplace behavior
Retrenchment
A situation whereby a role within a business previously filled by an employee ceases to exist. Once the role is redundant, the employer can either redeploy the employee into another role or terminate their employment.
Questionnaires
A research instrument that consists of a set of questions or other types of prompts that aims to collect information from a respondent.
Primary data
Information collected through original research. A marketer typically seeks primary data specifically for their objectives. The method used to collect primary data depends on the amount and type of data the company is interested in.
Industry
Provides an overview of a specific industry. Often they include industry trends and outlooks, industry performance and forecasts. The reports generally focus on major industries and can cover country specific or global industries.
Internet report
Offers a great marketplace where clients may browse the websites of eCommerce suppliers, submit their online order, and pay through a payment gateway.
Primary data
Information collected through original research. A marketer typically seeks primary data specifically for their objectives. The method used to collect primary data depends on the amount and type of data the company is interested in.
Three examples of transformed resources?
Customers, information, materials
What is a benefit to an Australian clothing company of outsourcing its manufacturing overseas?
It can control the production costs
Primary data
Information collected through original research. A marketer typically seeks primary data specifically for their objectives. The method used to collect primary data depends on the amount and type of data the company is interested in.
What is a benefit to an Australian clothing company of outsourcing its manufacturing overseas?
It can lower human resource compliance costs
