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Business 9609/11 May June 2024

Business 9609/11 May June 2024

1. Defining key business terms: outsourcing as the delegation of business processes to external providers, and salary as a fixed regular payment to employees.

2. Explaining JIC inventory management's purpose in mitigating stock shortages and training employees to enhance skillsets and productivity.

3. Analyzing the implications of industrial marketing, focusing on B2B strategies, and market growth’s effects on resource allocation and competitive advantage.

4. Highlighting the workforce impact of effective communication of business objectives, including alignment, motivation, and increased performance.

5. Evaluating the limitations of using employee numbers to gauge business size and the economic significance of small retail businesses.

6. Analyzing factors influencing financial sourcing, such as interest rates and risk, and evaluating the role of budgets in farming business success.

Laura Bellini

Classification: Paper 1
Page count: 4
Viewed: 271
Last update: 6 months ago
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