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Business 9609/13 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

1. Direct Costs:
- Defined as expenses directly attributable to the production of a specific product or service, such as raw materials or labor.

2. Cash Flow Improvement:
- Methods include offering early payment discounts to customers or negotiating extended payment terms with suppliers.

3. Added Value:
- Calculated as the difference between the selling price of a product and the cost of inputs involved in its production.

4. Entrepreneurial Success:
- Requires qualities such as resilience to overcome challenges and sustain motivation.

5. Primary Research:
- Defined as the process of collecting original data directly from sources, like surveys or interviews.

6. Sampling Limitation:
- Sampling may introduce bias if the sample is not representative of the target population.

7. Operating Over Maximum Capacity:
- Can strain resources, reduce quality, and increase employee stress, potentially impacting long-term performance.

8. McGregor’s Theory X Management:
- Benefits include clear structure and high control over workforce productivity in scenarios where close supervision is critical.

9. Management-Workforce Cooperation:
- Evaluation of its role in fostering communication, trust, and alignment of goals for operational success.

10. Sustainability in Business:
- Benefits include cost savings through efficient resource use and enhanced brand reputation.

11. Supply Chain Management for Internet Retailers:
- Evaluation of its importance in ensuring timely delivery, cost efficiency, and customer satisfaction relative to other operational factors.

Laura Bellini

Classification: Paper 1
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Last update: 2 months ago
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