Theme 2 analysis

Question 1

Benefit of using batch production

Answer 1

Question 2

Benefit of using budgets

Answer 2

Question 3

Benefit of using cell production

Answer 3

Question 4

Quality control benefit

Answer 4

Question 5

Benefit of just-in-time stock management

Answer 5

Question 6

Importance of good stock management

Answer 6

Question 7

Benefit of low capacity utilisation

Answer 7

Question 8

Benefit of using flow production

Answer 8

Question 9

Benefit of using historical budgeting (for large businesses)

Answer 9

Question 10

Benefit of using job production

Answer 10

Question 11

Benefit of adopting a Kaizen approach

Answer 11

Question 12

Benefit of quality assurance

Answer 12

Question 13

Benefit of quality control

Answer 13

Question 14

Benefit of zero-based budgeting

Answer 14

Question 15

Benefit of a capital intensive production approach

Answer 15

Question 16

Gaining a competitive advantage from lean production

Answer 16

Question 17

Drawback of batch production

Answer 17

Question 18

Drawback of historical budgeting

Answer 18

Question 19

Drawback of job production

Answer 19

Question 20

Drawback of just-in-time stock management

Answer 20

Question 21

Drawback of Kaizen

Answer 21

Question 22

Drawback of quality assurance

Answer 22

Question 23

Drawback of quality control

Answer 23

Question 24

Drawback of zero based budgeting

Answer 24

Question 25

Drawback of a strong pound

Answer 25

Question 26

Benefit of a strong pound

Answer 26

Question 27

Reasons why incomes may not be impacted by rising inflation

Answer 27

Question 28

Impact of inflation on cost of sales

Answer 28

Question 29

Why incomes may be affected by rising inflation

Answer 29

Question 30

Impact of a stronger pound on demand for domestic businesses

Answer 30

Question 31

Benefit of improved productivity

Answer 31

Question 32

Interpreting a stock control diagram

Answer 32

Question 33

Benefit of a labour intensive production process

Answer 33

Question 34

Drawback of a labour intensive production process

Answer 34

Question 35

Production at minimum average cost

Answer 35

Question 36

Benefit of quality circles

Answer 36

Question 37

Drawback of quality circles

Answer 37

Question 38

Reasons why inflation may not impact cost of sales

Answer 38

Question 39

Benefit of a weaker pound

Answer 39

Question 40

Drawback of a weaker pound

Answer 40

Question 41

Impact of high interest rates

Answer 41

Question 42

Drawback of high interest rates

Answer 42

Question 43

Impact of low interest rates on consumer incomes

Answer 43

Question 44

Impact of low interest rates on savings

Answer 44

Question 45

Impact of changes in national insurance

Answer 45

Question 46

benefit of government increasing national insurance

Answer 46

Question 47

recession

Answer 47

Question 48

how businesses can benefit from a recession

Answer 48

Question 49

spreading risk across different countries

Answer 49

Question 50

Boom

Answer 50

Question 51

inflation risk during a boom

Answer 51

Question 52

effect of economic uncertainty on business environment

Answer 52

Question 53

consumer protection legislation

Answer 53

Question 54

employee protection legislation

Answer 54

Question 55

environmental protection

Answer 55

Question 56

competition policy

Answer 56

Question 57

health and safety legislation

Answer 57

Question 58

drawback of changes in legislation

Answer 58