Understanding Business

Homework 1

What type of organisation is Angus Soft Fruits Ltd? (1)

Give 2 features of this type of organisation? (2)

Identify sources of finance for Angus Soft Fruits. (3)

Other than donations, identify 3 sources of finance for a charity. (3)

Compare charities with private limited companies in terms of:
• Ownership
• Control
• Finance (3)

 

Homework 2

 

 Describe the influence of the following stakeholders on charities:
• Employees/volunteers
• Government
• Donators/local community (3)

State the meaning of the word entrepreneur. (1)

State 2 objectives of a private sector organisation. (2)

Describe 2 internal factors. (2)

Outline 4 external factors which may affect an organisation. (4)

 

Homework 3

Describe elements in the marketing mix. (4)

Describe methods of field research which could be used by an organisation. (4)

Outline the possible drawbacks of developing a brand name. (2)

Discuss the importance of ethical marketing in modern business. (2)

 

Homework 4

Outline the factors an organisation should consider before choosing a supplier. (3)

Compare quality control with quality management. (2)

Outline the problems for an organisation of under-stocking. (4)

Describe the benefits of recycling to an organisation. (2)

Justify the use of computer technology in controlling stock. (1)

 

Homework 5

Outline methods a business could use when selecting new employees. (2)

Identify 3 areas of discrimination that are not allowed under the Equality Act 2010. (3)

Induction training is given to new employees of an organisation.  Describe other methods of training that existing employees might receive. (3)

Describe 2 types of payment systems used by organisations. (2)

Explain the benefits to an organisation of providing good pay and conditions for its employees. (2)

 

Homework 6

Define the following terms found in a profit statement:

• gross profit
• net profit (2)

State 2 fixed costs for an organisation. (2)

State one variable cost for an organisation. (1)

Justify the use of cash budgets for an organisation. (4)

Identify 3 sources of finance that may be available to a partnership. (3)