Chapter 2

Question 1

Legal factors affecting companies

Answer 1

Criminal , Company, Employment, Health and Safety, Data Protection, Marketing and Sales, Environment, Tax and general legal framework

Question 2

Ways government can influence economic structure

Answer 2

Capacity expansion, Demand, Divestment, Emerging industries, Entry barriers, Competition

Question 3

What are the 3 forms of dismissal in UK?

Answer 3

Termination by employer, ending of fixed contract without renewal and resignation by employee where employers conduct breaches contract employment (constructive dismissal)

Question 4

What is wrongful dismissal?

Answer 4

breaches contract of employment

Question 5

What is unfair dismissal?

Answer 5

dismissal without good reason

Question 6

What is the span of control?

Answer 6

Number of subordinates responsible to a superior

Question 7

What does Porter call support activities?

Answer 7

Infrastructure, HR, Technology, Procurement

Question 8

What does Porter call primary activities?

Answer 8

Inbound logistics, Operations, Service, Marketing and Sales and Outbound logistics

Question 9

What are Porters 5 forces?

Answer 9

Threat of new entrants, Threat of substitutes, Bargaining power of customers, bargaining power of suppliers and rivalry amongst competition