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QR Challenge: Buss1 Q and A

Created using the ClassTools QR Treasure Hunt Generator

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Detailed Case Study Search the Archive Feedback

Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

Questions / Answers (teacher reference)

Question

Answer

1. Variance The difference between a budgeted figure and the actual figure achieved
2. Variance analysis The comparison by an organisation of its actual performance with its expected budgeted performance over a period of time
3. Favourable variance This is a change from a budgeted figure that leads to higher than expected profits
4. Adverse variance This is a change from a budgeted figure that leads to lower than expected profits
5. Creditors Suppliers owed money by the business
6. Credit control The monitoring of debts to ensure that credit periods are not exceeded
7. Bad debt Unpaid customer bills that are now very unlikely to ever be paid
8. Overtrading Expanding a business rapidly without obtaining all of the necessary finance so that a cash flow shortage develops
9. Profit margin The profit made as a proportion of sales revenue
10. Gross profit This is calculated by subtracting only variable costs from sales revenue, ignoring fixed costs
11. Net profit This is calculated by subtracting total costs from sales revenue
12. Return on capital The proportion that the net profit is of the capital invested in the business - ROCE = net profit divided by capital invested X 100
13. Organisational chart A diagram showing job titles, lines of communication and responsibility within a business
14. Organisational structure The way the jobs, responsibilities and power within a business are organised
15. Levels of hierarchy The number of layers of management and supervision existing in an organisation
16. Chain of command The lines of authority within the business
17. Lines of communication How information is passed up, down and across a business
18. Span of control The number of subordinates, one job / post holder is responsible for
19. Work load How much work one employee, department or team have to complete in a given period of time
20. Job role The tasks involved in a particular job
21. Delegation Passing the authority to make specific decisions to somebody further down the organisational hierarchy
22. Communication flows How information is passed around an organisation, including through the grapevine
23. Workforce role The tasks involved in a particular level or grade of job within an organisation
24. Workforce performance Methods of measuring the effectiveness of employees
25. Labour turnover Percentage of the total workforce who leave in any given time period
26. Labour productivity The contribution made by employees to the output of a business
27. Absenteeism The number of working days lost as a result of an employee's deliberate or habitual absence from work
28. Recruitment selection process How a business chooses the best candidate for a vacancy
29. Job description A summary of the main responsibilities and duties of a job
30. Person specification Identifies the skills, knowledge and experience a successful applicant is likely to have
31. Internal recruitment Candidate from within the organisation
32. External recruitment Candidate from outside the organisation
33. Methods of selection Ways in which businesses recruit the best candidate for an identified vacancy
34. Training Giving employees the knowledge and skills needed for a job
35. Induction training Training which is given as an initial preparation upon taking up a post
36. Off the job training Training away from the place of work
37. On the job training Learning by doing the job
38. Motivation The factors that inspire an employee to complete a task at work
39. Job design Changing the nature of a job role in order to increase motivation or reduce dissatisfaction at work
40. Empowerment Giving employees the power to do their job, trusting them, giving them authority to make decisions and encouraging feedback from them
41. Job rotation Varying an employee's job on a regular basis
42. Job enlargement Expanding the number of tasks completed by an individual
43. Job enrichment Increase the level of responsibility within a job to make work more challenging and rewarding
44. Operational targets These are specific and usually measurable objectives set for each operations activity of a business
45. Capacity The maximum output that a firm can produce with existing resources
46. Capacity utilisation This is the proportion that current output is of full capacity output - current output divided by maximum output X 100
47. Unit cost This is average cost per unit of output - unit cost = total costs divided by output
48. Excess capacity When a business has greater production capacity than is likely to be used in the foreseeable future
49. Overtime Staff working beyond their contracted hours in exchange for a higher weekly wage
50. Sub-contracting Using a supplier to manufacture part or all of a firm's product or service
51. Stocks Materials or finished goods held by a firm as needed to supply customers' demand
52. Rationalisation Reorganising resources to cut costs - often leading to a cut back in capacity
53. Quality product A product or service that meets customers' expectations and is therefore 'fit for purpose'
54. Quality standards The expectations of customers expressed in terms of the minimum acceptable production or service standards
55. Quality control This is based on inspection of the product or a sample of products
56. Quality assurance A system of agreeing and meeting quality standards at each stage of production
57. ISO 9000 An internationally recognised certificate that acknowledges quality procedures
58. Total quality management TQM - an approach to quality that involves all employees at every stage
59. Internal customers People within an organisation who depend upon the quality of work done be others in the organisation
60. Customer service The provision of service to customers before during and after purchase
61. Supplier relationships Links with the companies that supply a business with goods and services
62. Service level agreement Agreements or contracts with suppliers that clearly lay down the service they must provide
63. Information technology The use of electronic technology to gather, store, process and communicate information
64. Robot Computer controlled machine able to perform a physical task
65. Supply chain All of the stages in the production process
66. Sustainability Production processes that prevent waste by using the minimum of non-renewable resources
67. Marketing Identifying and meeting customer needs
68. Market Anyone willing and with the financial ability to buy a product or service
69. Niche marketing Meeting the needs of a relatively small number of potential customers
70. Mass marketing Meeting the needs of a very large number of potential customers
71. Consumer marketing Creating and delivering products to solve consumer's needs
72. Business marketing Serving the needs of a business
73. Marketing mix The integration of product, place promotion and pricing designed to achieve the marketing objectives of the business
74. Product development Changing aspects of goods & services to meet the changing needs of existing customers or to target a different market
75. Product line A set of related goods or services
76. Product mix The full range of products offered by a business also known as product portfolio
77. Unique selling point A feature or function of a product that makes it different to any other on the market
78. Product differentiation Creating a perceived difference for a product in a competitive market
79. Product portfolio analysis Analysing the existing product mix to help develop a balanced range of goods and services
80. Boston Matrix A method of analysing the products in a firm's portfolio based on relative market share & market growth
81. Product life cycle The path of a product from its introduction onto the market, to its eventual disappearance from the market
82. Promotion Bringing a product to the attention of existing and potential customers
83. Sales promotion Offers designed to increase sales
84. Promotional activities The ways in which a firm communicates to customers in order to increase sales
85. Direct selling Selling directly to the consumer without an intermediary
86. Merchandising The visual presentation of a product at the point of sale
87. Advertising The use of media to communicate with consumers
88. Public relations Communicating with the media and other interested parties to enhance the image of the business
89. Branding Creating an identity for a business and its products to differentiate it from its rivals
90. Promotional mix The combination of promotional activities used to communicate with a target market
91. Pricing strategies Long term pricing plans which take into account the objectives of the business
92. Price skimming Charging a high price at launch to help recoup development costs
93. Penetration pricing Below market price to gain a foothold in an established and competitive market
94. Price leader A product that has significant market share and can influence the market price
95. Price taker A firm which sets its prices at the same or similar level to those of the dominant firm in the industry
96. Pricing tactics The manipulation of price to achieve a specific short term objective
97. Loss leaders Products sold at less than cost to attract customers
98. Psychological pricing The use of odd number pricing to increase the value for money appeal of a product
99. Price elasticity of demand The responsiveness of demand for a product to a change in its price
100. Price inelastic demand The demand for a product changes proportionately less than the change in price
101. Price elastic demand The demand for a product changes proportionately more than the change in price
102. Distribution channel Method by which a product is sold to the customer
103. Direct sale Where no intermediaries are used
104. Intermediaries Organisations involved in the distribution of goods and services on behalf of other businesses
105. Business to business markets Companies meeting the needs of other companies
106. Business to consumer markets Companies meeting the needs of final consumers of goods and services
107. Degree of competition The number and size of businesses operating in a given market
108. Market conditions The nature of the product, the needs of consumers, the number of firms and the ease of entry to the market
109. Competitiveness Characteristics that permit a firm to compete effectively with other businesses
110. Competitive advantage Methods of competing which are distinct and offer consumers greater perceived value than those of rival products

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Variance

Question 1 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Variance-analysis

Question 2 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Favourable-variance

Question 3 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Adverse-variance

Question 4 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Creditors

Question 5 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Credit-control

Question 6 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Bad-debt

Question 7 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Overtrading

Question 8 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Profit-margin

Question 9 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Gross-profit

Question 10 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Net-profit

Question 11 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Return-on-capital

Question 12 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Organisational-chart

Question 13 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Organisational-structure

Question 14 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Levels-of-hierarchy

Question 15 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Chain-of-command

Question 16 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Lines-of-communication

Question 17 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Span-of-control

Question 18 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Work-load

Question 19 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Job-role

Question 20 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Delegation

Question 21 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Communication-flows

Question 22 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Workforce-role

Question 23 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Workforce-performance

Question 24 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Labour-turnover

Question 25 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Labour-productivity

Question 26 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Absenteeism

Question 27 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Recruitment--selection-process

Question 28 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Job-description

Question 29 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Person-specification

Question 30 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Internal-recruitment

Question 31 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=External-recruitment

Question 32 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Methods-of-selection

Question 33 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Training

Question 34 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Induction-training

Question 35 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Off-the-job-training

Question 36 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=On-the-job-training

Question 37 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Motivation

Question 38 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Job-design

Question 39 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Empowerment

Question 40 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Job-rotation

Question 41 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Job-enlargement

Question 42 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Job-enrichment

Question 43 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Operational-targets

Question 44 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Capacity

Question 45 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Capacity-utilisation

Question 46 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Unit-cost

Question 47 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Excess-capacity

Question 48 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Overtime

Question 49 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Sub-contracting

Question 50 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Stocks

Question 51 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Rationalisation

Question 52 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Quality-product

Question 53 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Quality-standards

Question 54 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Quality-control

Question 55 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Quality-assurance

Question 56 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=ISO-9000

Question 57 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Total-quality-management

Question 58 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Internal-customers

Question 59 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Customer-service

Question 60 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Supplier-relationships

Question 61 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Service-level-agreement

Question 62 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Information-technology

Question 63 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Robot

Question 64 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Supply-chain

Question 65 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Sustainability

Question 66 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Marketing

Question 67 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Market

Question 68 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Niche-marketing

Question 69 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Mass-marketing

Question 70 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Consumer-marketing

Question 71 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Business-marketing

Question 72 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Marketing-mix

Question 73 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Product-development

Question 74 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Product-line

Question 75 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Product-mix

Question 76 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Unique-selling-point

Question 77 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Product-differentiation

Question 78 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Product-portfolio-analysis

Question 79 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Boston-Matrix

Question 80 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Product-life-cycle

Question 81 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Promotion

Question 82 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Sales-promotion

Question 83 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Promotional-activities

Question 84 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Direct-selling

Question 85 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Merchandising

Question 86 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Advertising

Question 87 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Public-relations

Question 88 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Branding

Question 89 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Promotional-mix

Question 90 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Pricing-strategies

Question 91 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Price-skimming

Question 92 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Penetration-pricing

Question 93 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Price-leader

Question 94 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Price-taker

Question 95 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Pricing-tactics

Question 96 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Loss-leaders

Question 97 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Psychological-pricing

Question 98 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Price-elasticity-of-demand

Question 99 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Price-inelastic-demand

Question 100 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Price-elastic-demand

Question 101 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Distribution-channel

Question 102 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Direct-sale

Question 103 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Intermediaries

Question 104 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Business-to-business-markets

Question 105 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Business-to-consumer-markets

Question 106 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Degree-of-competition

Question 107 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Market-conditions

Question 108 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Competitiveness

Question 109 (of 110)

 


Buss1 Q and A: QR Challenge

https://www.classtools.net/QR/decode.php?text=Competitive-advantage

Question 110 (of 110)