SHU business Flashcards

1
Q

Employees of mondelez only work from 8:00am to 4:00pm. Which of the following would be most likely to increase capacity utilisation at mondelez?

A

A

  • Increase capacity> the maximum a business can produce over a period of time given the resources
  • Increasing work hours
  • Business has more time operating machinery to make products
  • Amount of products goes up
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2
Q

Explain how the £6m investment by mondelez international might improve productivity at the Sheffield factory

A
  • More biscuits> new production line> fewer workers
  • More biscuits> no workers
  • New production line> machinery wouldn’t break down
  • Fewer workers means less output
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3
Q

Suggest two problems with holding too much stock?

A
  • Higher security costs

- Reduce stock for more use of space for production

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4
Q

Identify the three types of stock

A
  • Raw materials
  • Working progress
  • Finished goods
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5
Q

Assess the importance of an appreciation of the pound (£) to the total costs of a business such as Benson’s foods

A

Advantages:
- Appreciation of the pound> strong pound makes raw materials/imports cheaper and raw materials will fall
- Increased profit margin> buying same amount of stock which cheaper lead to Bensons to reduce prices and maintaining same profit
- Achieve a high demand
Disadvantages:
- Depreciation of the pound
- Fuel and energy will be affected

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6
Q

Evaluate one reason why quality assurance system is important to a chocolate manufacturer like whitakers

A

Quality assurance is the culture within a business and everyone is responsible that all the products are fot for purpose
Benefits:
- Allow manufactured products are changed and hare high standard- Whitakers are in a niche market and supply high standard
- Quality assurance is important to them
- Each chocolate products> same size, appearance
- Wastage of coco milk should reduce, therefore reject sales should be reduced
- Helps to protect good reputation and loyality

Costs:

  • Involves more resources and time
  • Costs may only be a small proportion> little impact
  • In niche market, not impact price of the chocolate
  • High profit margins> pay for production
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