IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: angell on May 17, 2009, 03:44:57 pm
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:D
guys just done studying for my business exam tomorrow....if anyone has any doubts..feel freeeee to post them here:):)
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what is in a job description...nd what should be considered by a business before recruiting members
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what is a market economy?
is it the same as FREE market economy?
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what is in a job description...nd what should be considered by a business before recruiting members
Job description
ia document which outlines the responsiblity and duties expected to be carried out by SOMEONE employed to do a specific job
before recruting an emply u need to see his qualification
his experience
background
character etc
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Yeah market economy is the same as free market economy...
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A job description generally outlines the responsibilites and duties to be carried out by someone employed to do a specific job. It would nclude, who the worker is responsible to, responsible for, the department he works in(Marketing,etc), the job title, the main purpose and duties of the job(Summary of the job), and the occasional duties of the job. It can sometimes also include the conditions of pay such as salary, working hours, training to be offered, and opportunities of promotion.
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thanks and wat r consumer panels...plsssss :-*
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Before employing, you need to consider whether you really need the vacancy to be filled, whether it can be filled by somebody from within the company (internal recruitment), then the conditions of employment such as salary etc, and during selection, the experience, skills and capabilities of the business. A business must aim to employee a person who can prove to be the most worth asset in trade.
N yes, a market economy is the same as a free market economy. :)
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Consumer panels are a group of people who agree to provide information about a specific product or general spending patterns over a period of time. If a business would like to test out new ideas or campaigns on a representative group of people, it can use a consumer panel. A consumer panel will consist of consumers who will be using the product or service over a peeriod of time and may keep a diary recording their thoughts on the product. It is a form of primary or field research.
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thanks sooo much...u really an angellllllllllllllllllllllllllllllll....
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THANKKKKKKKKKKKKKKKU
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no probs...
lol as i said just dont forget to +rep...hahahaha
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ayt am giving u +10 rep..lol
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whats rep? :-[
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the thing underneath the username
+rep -rep
if u click on +rep, ur reputation will increase
and if u do BAD things,(ouch!), people click on -rep, n it decreases:P :)
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lool ohhh ok:D i am new here :D
By the way By the way i wanna know how much mark u need in p1 tog et A *?>
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By the way Angel
umm did u do passpaperS?
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yup.10 years papers.
uh ok...for A* it would depend on the grading
plus it depends on ur p1 + p2 combined
so overall again i would say...75-80+??
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yea but like u know e.g in math u need 80% in p4 to et A
similary u need 80 marks in paper 1? :o
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I have a question
umm e.g when they ask is the Laissiz-faire style IN ur opinion good or not
can we say both
as in it is as well its not?
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u have to give ur opinion in the end
u can state both the advantges and the disadvantages. then in the end go lke, but in my opinion, i think it is good...
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what is trade credit???
where business delays paying its supplier????? how does it leaves the business in a better position? ???
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whats the difference between profit and profit margin?
and ...
How could her business make high profits if profit margins were low?
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What money, if any, would the shareholders of company B lose when the company
ceases to trade?
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Profit is the surplus after total cost have been substracted from sales revenue
while profit margin
is to analyse the LUIDITY of the comany
which is obtained
by
Net profit = net profit/sales turnover x 100
gross profit= gross profit/sales turnover X100
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Profit margin is the profit as a percentage of the total SR. It isn't a liquidity ratio. Rather, it is a measure of performance of the business. By the way, when are you doing the exam?
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Trade credit is when the business delays paying its suppliers. So the money it doesnt pay stays within the business, increasing the cash available. However, the more the business delays, the more chances there are of the suppliers refusing to supply further and they cannot avail the facility of cash discounts/reductions due to prompt payment.
When a business ceases to trade, the shareholders would only lose the amount they had originally invested into the business. Since the plc has limited liability, the shareholders or owners of the business cannot be held responsible for any debts of the business, hence securing their personal assets.
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Yup anon ur rite....liquidity ratios are only quick ratio and acid test ratio.
the others are PERFORMANCE ratios...
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is marketing budget and advertising budget the same? =S
so how is profit high but profit margin low?
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They are both financial documents specifying the allocation of capital. However, an advertising budget only states the expenditure on advertising, whilst the marketing budget might split the capital between the different element of the marketing mix.
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When u calculate profit, it is just a figure, it is not showing the correct PROFIT.
the best way to explain this is, for example, if there are 2 companies with sales figures 100 00 and 500 00 respectively
company A makes a profit of 1000 and company B 3000
Company B has made a higher PROFIT figure.
however, when u compare it to their SALES
1000/10000 X 100 = 10%
and company B
3000/50000 X 100 = 6%
This is because Company A had a higher profit even though their sales where less than Company B, whereas company B, despite having a high sales figure, couldnt earn as much profit.
(This could b because they offered discount, etc)
I hope u got it:)