Question | Answer |
Gross Profit is £21.5m, Turnover is £51m, what is GPM? | 42.16%
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What type of liability do the owners of an Ltd have? | limited liability
| Having a strong relationship with suppliers is needed for what type of stock control? | Just In Time
| What management style is in the top right of Blake Mounton's Grid? | Team Management
| Targeting marketing at a small group of customers is called? | Niche Marketing
| How do you calculate market capitalisation? | No of shares x share price
| What is the break even equation? | BE= Fixed Costs/ Selling Price - Variable Costs
| What are the 7P's? | Price, Place, People, Promotion, Physical, Process, Process
| What is the key term for removing layer of the hierarchy? | Delayering
| What is the key term at the bottom of Maslow's Hierarchy? | Physiological Needs
| Which theory suggested piece rate pay was a motivator? | Taylor
| Which theory used the Hawthorn Effect? | Mayo
| Is pay a Hygiene Factor or a Motivator? | Hygeine Factor
| Is responsibility a Hygiene Factor or a Motivator? | Motivator
| Name 4 types of Stakeholders? | Employees, Shareholders, Customers, Suppliers, Lenders, Local Community
| Name the 2 bottom layers of the objectives hierarchy? | Functional & Corporate Objectives |