Q.1 How long is the Buss 2 exam? a) 75 mins b) 90 mins C) 60 mins Q.2 What is the total mark allocation for Buss 2? a) 80 marks b) 60 marks C) 90 marks Q3 What is the weighting of Buss 2 as part of the AS qualification? a) 60% of AS b) 50% of AS Q4. Write down the exam skills you will need to demonstrate in your AS exam? Q 5/6 How many extended questions are there in Section A and Section B (more than 10 marks)? a) Two in section A and two in Section B b) Two in section A and three in section B Examiners Tip Buss 2 consists of two different case studies, looking a two completely different businesses. Time management is crucial. 1. Manage your time in terms of a mark per minute to stay on track 2. This will give you 10 minutes reading and planning time True A question worth 11 marks or more requires you to evaluate A question with the word examine in it requires you to analyse A question with the word, explain in requires you to analyse In the extended questions, 5 marks are available for evaluation False What’s the connection? • Different students provided with different ‘what’s the connections’ Stepping Stones • Different students provided with connections that are closer or further apart (clustering) School Challenge!! • Weaker students provided with a ‘middle’ connection to help bridge the gap One consequence to Doyles of using financial incentives to motivate the sales staff is: Step 1 is that it could lead to the sales staff giving better customer service because Step 2 they will receive a financial reward depending on the level of service that they give to the customers within Doyles. This could therefore Step 3 lead to a reduction in customer complaints which increased by 91.2% between 2011 and 2012. In turn Step 4 this could lead to an improvement in Doyles reputation as well as an increase in the amount of customers prepared to shop at Doyles. This is crucial to Doyles because Step 5 they have seen sales decline due to an increase in competition and therefore any improvement that they can make within the business will help to halt this decline. Competitiveness Examiners Tip Key theme for Buss 2 is how a business can be managed in order to make it more competitive. 1. Strategies to improve competitiveness? 2. Make judgments on whether you feel the business has improved it’s competitiveness 3. Factors that could influence a firm’s competitiveness Question 1 – Outline how we can JUDGE how competitive SAFC is? How could you measure competitiveness? What would you look at? 1 League Position 2 Revenue 3 Attendance Question 2 – Outline 3 different ways in which SAFC could improve its competitiveness 1 Invest in better players 2 Change the manager 3 Invest in the stadium/ training facilities Question 3 – Choose ONE of your suggestions. Explain HOW/ WHY this would improve the competitiveness of SAFC One way in which SAFC could improve their competitiveness is to invest in new and better players. Better players could contribute to better performances on the pitch and an improved league position therefore improving the teams ability to compete within the Premier League . In turn, this could lead to increased attendances and other revenue opportunities further strengthening their competitive position The Final Activity Insert Video Exam Style Question Question 1 – Examine TWO factors that have influenced the competitiveness of McVitie’s Jaffa Cakes (8 marks) 1 Extensive marketing as the original and the best 2 Large amounts of money have been invested in technology Question 2 – Outline and explain ONE further strategy that McVitie’s could employ to increase the competitiveness of its Jaffa Cakes One further strategy that McVitie’s could employ to increase their competitiveness is to increase their capacity utilisation. McVitie’s currently has 13% spare capacity. Increasing their capacity utilisation will reduce their unit costs increasing the contribution per unit which in turn will increase their competitive position Final Tip Revise Revise Revise Download all of today’s resources, including suggested answers from www.tutor2u.net/buss2.pdf Get help from fellow students, teachers and tutor2u on Twitter: #buss2 @tutor2u Good luck and safe journey Home